If the statistical discrepancy is zero,in order to calculate GDP from the value of net domestic product at factor cost,we must add
A)the value of intermediate goods and subtract the value of imports.
B)direct taxes,subtract corporate profit,and add investment.
C)indirect taxes,subtract subsidies,and add depreciation.
D)subsidies,subtract indirect taxes and depreciation.
E)indirect taxes,subsidies,and depreciation.

Question

Quizplus · Accepted Answer

If the statistical discrepancy is zero, we can use the formula GDP = Net Domestic Product at Factor Cost + Indirect Taxes - Subsidies + Depreciation to calculate GDP. Therefore, we must add indirect taxes, subtract subsidies, and add depreciation to the value of net domestic product at factor cost.

If the Statistical Discrepancy Is Zero,in Order to Calculate GDP