A-LevelEconomicsThe macroeconomy9708/32 · May/June 2020 · Q231 Mark
How must GDP at market prices (producer prices) be adjusted to find GDP at factor cost? A by adding exports and deducting imports B by adding net property income and deducting transfer payments C by adding profits and deducting income taxes D by adding subsidies and deducting indirect taxes
- (a)How must GDP at market prices (producer prices) be adjusted to find GDP at factor cost? A by adding exports and deducting imports B by adding net property income and deducting transfer payments C by adding profits and deducting income taxes D by adding subsidies and deducting indirect taxes[1]
Mark scheme
Marking points from the official mark scheme (May/June 2020). The mark or mark type is shown in brackets.
- [1] D
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