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GDP at market price differs from GDP at factor cost because of:

GDP at market price differs from GDP at factor cost because of:
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Population and labour force
  • B Indirect taxes and subsidies
  • C Savings and investment levels
  • D Imports and exports only
Correct Answer: Option B
Explanation:
Market prices include indirect taxes and exclude subsidies, while factor cost focuses on earnings received by producers.

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