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What is the Income System to calculate GDP?


pravesh.sharma 20th Jan, 2023
Answer (1)
pravesh.sharma 20th Jan, 2023

In this system, estimation is taken on overall earned revenue received in production factors (i.e., such as labour, capital, etc.) within the boundaries of the country.

GDP = A + T - S,

Where, A= GDP at Factor expenses

T= Taxes

S= Subsidies

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