In the production approach of calculating GDP, how do we calculate GDP at market prices? (Topic : Growth Measurement) – 1 Marker

Total National Income + Sales Taxes + Depreciation + Net Foreign Factor Income.

Value added at basic prices + taxes on goods and services – subsidies on goods and services.

Value added at basic prices - taxes on goods and services + subsidies on goods and services.

Consumption (C) + Investment (I) + Government Spending (G) + Net Exports

In the production approach of calculating GDP, how do we calculate GDP

1.	In the production approach of calculating GDP, how do we calculate GDP at market prices? (Topic : Growth Measurement) – 1 Marker
A.	Value added at basic prices + taxes on goods and services – subsidies on goods and services.
B.	Total National Income + Sales Taxes + Depreciation + Net Foreign Factor Income.
C.	Value added at basic prices - taxes on goods and services + subsidies on goods and services.
D.	Consumption (C) + Investment (I) + Government Spending (G) + Net Exports
E.	None of the above
Answer» B. Total National Income + Sales Taxes + Depreciation + Net Foreign Factor Income.

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