Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

To get GVA at basic prices, one among the following will be added to $GVA_{FC}$. Choose the correct optio from below :

Options:

NFIA

Net Production Taxes

Depreciation

Subsidies

Correct Answer:

Net Production Taxes

Explanation:

The correct answer is option (2) : Net Production Taxes

$GVA_{FC}$ = GVA at basic prices - Net Production Taxes

GVA at basic prices = $GVA_{FC}$  + Net Production Taxes