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What is GDP at market prices? - Economics

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प्रश्न

What is GDP at market prices?

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उत्तर

GDP at market prices (GDP MP) refers to the total monetary value of all final goods and services produced within a country in one year, calculated at the prices paid in the market. It includes all product taxes and excludes subsidies, showing the actual amount consumers spend on goods and services.

  • Indirect taxes (as they raise market prices)
  • Excludes subsidies (as they lower market prices)
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अध्याय 19: National Income Aggregates - TEST YOURSELF QUESTIONS [पृष्ठ ३८१]

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फ्रैंक Economics [English] Class 12 ISC
अध्याय 19 National Income Aggregates
TEST YOURSELF QUESTIONS | Q 25. | पृष्ठ ३८१
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