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प्रश्न
What is meant by national product at market prices?
लघु उत्तर
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उत्तर
- National Product at Market Prices means the total value of all final goods and services produced by the normal residents of a country in one year, calculated at the prices actually paid in the market.
- It includes indirect taxes (like GST and excise duty) and excludes subsidies, because these affect the prices that consumers pay.
- In short, it shows the value of production at the prices people pay in the market.
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