0
$\begingroup$

My textbook describes the GVA at Market Prices as: GVA at Basic Prices + Product Taxes - Product Subsidies.

Various sources online refer this same sum (GVA at Basic Prices + Product Taxes - Product Subsidies) as the GDP at Market Prices. Do they refer to the same thing? Is the GDP same as the GVA? For example, is the GVA at Basic Prices or GVA at Factor Costs same as the GDP at Basic Prices and GDP at Factor Costs?

$\endgroup$

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Browse other questions tagged or ask your own question.