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National Income Aggregates & GDP · Question 26 of 69

What is GDP at factor cost?

Question 26

MediumOriginal question

Data for an economy:

Item₹ crore
GDP at market price1,000
Depreciation100
Net indirect taxes80
Net factor income from abroad−20

What is GDP at factor cost?

Options for question 26

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. GDP at FC = 1,000 − 80 = ₹920 crore.

Concept
GDP at factor cost
Typical time
70 s
Your time
—
The rule this testsMarket price, factor cost and basic prices
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Ten questions from National Income Aggregates & GDP, at your own pace.

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Ten questions from National Income Aggregates & GDP, at your own pace.

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