Which of the following correctly represents value at market price? Option 1: Factor cost + net indirect taxes Option 2: Factor cost - net indirect taxes Option 3: Factor cost + indirect taxes Option 4: Factor cost - indirect taxes

The answer is 'Factor cost + net indirect taxes'. View full solution:

CUET Economics - Which of the following correctly represents value at market price? | PYQs + Solutions

CUET Economics

Macro

Easy

Factor cost + net indirect taxes

Factor cost - net indirect taxes

Factor cost + indirect taxes

Factor cost - indirect taxes

✅ Correct Option: 1

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Match List-I with List-II

List-I	List-II
(A) Gross Domestic Product at Market Price	(I) NDPMP - Net Product Taxes - Net Production Taxes
(B) Net Domestic Product at Factor Cost	(II) GVA at basic prices - Net Production Taxes
(C) GVA(Gross Value Added) at factor cost	(III) C+I+G+(X-M)
(D) Gross National Product at Factor Cost	(IV) GNPMP - Net Product Taxes - Net Production Taxes

Choose the correct answer from the options given below: