APPSC Group 2 Mains 2019 Paper 3 · Question 7

Question 7 of the APPSC Group-II Mains 2019 Paper III (30 August 2019). Try it first, then open the answer and explanation.

1. Mains 2019 · P-III · Q7 · Economy (India & AP) · National Income & Growth

   GDP at factor cost is equal to

   జిడిపి ఉత్పత్తి వెల అనేది దీనికి సమానం.

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   Answer: GDP at market price – indirect taxes + subsidies

   సమాధానం: జిడిపి మార్కెట్ వెల - పరోక్ష పన్నులు + రాయితీలు

   Factor cost removes net indirect taxes (indirect taxes minus subsidies) from market prices.

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