WBCS.LIVE practice question

GDP at factor cost is—

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. GDP minus indirect taxes plus subsidies
  2. GNP minus depreciation allowances
  3. NNP plus depreciation allowances
  4. GDP minus subsidies plus indirect taxes

Correct answer and explanation

Correct answer: GDP minus indirect taxes plus subsidies