Consider the following statements about the measures of output of an economy:
- GDP at factor cost is a better indicator of growth in the economy than GDP at market price.
- The difference between GDP at factor cost and GDP at market price reflects the tax burden on the economy.
Which of the statements given above is/correct?
Consider the following statements about the measures of output of an economy:
- GDP at factor cost is a better indicator of growth in the economy than GDP at market price.
- The difference between GDP at factor cost and GDP at market price reflects the tax burden on the economy.
Which of the statements given above is/correct?
Current Affairs
Tax
Gdp
Act
Options
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