A-LevelEconomicsMacroeconomics / National Income AccountingOct/Nov 2024Paper 1 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
The correct answer is D: subsidies and expenditure taxes
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
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