Economy, asked by zhiveinepao, 4 days ago

GDP at factor cost +net indirect taxes=​

Answers

Answered by mdshakoor332
1

Answer:

The sum of net value added in various economic activities is known as GDP at factor cost. GDP at factor cost plus indirect taxes less subsidies on products is GDP at producer price. GDP at producer price theoretically should be equal to GDP calculated based on the expenditure approach.

Explanation:

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