Question

What did the CSO begin reporting after the January 2015 revision?

Options

• GVA at market prices and GDP at basic prices

• Only GDP at factor cost

• GVA at factor cost and GDP at factor cost

• GVA at basic prices and GDP at market prices

Answer 1

After the January 2015 revision, the CSO changed its reporting standard. It began reporting GVA at basic prices and GDP at market prices, with GDP at market prices simply referred to as GDP.