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A-LevelEconomicsThe macroeconomy9708/12 · Oct/Nov 2024 · Q181 Mark

Which items have to be added to and subtracted from Gross Domestic Product at market prices to calculate the value of Gross Domestic Product at basic prices?

Acapital consumption and net property income from abroad
Bexpenditure taxes and capital consumption
Cnet property income from abroad and subsidies
Dsubsidies and expenditure taxes

✓ Correct answer

D: subsidies and expenditure taxes

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About this question

Topic
The macroeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source
A-Level Economics, Oct/Nov 2024 Paper 1 Variant 2, question 18.

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