The Difference Between GDP at Factor Cost and GDP at Market

question 102

Multiple Choice

The difference between GDP at factor cost and GDP at market prices is:

• A) wages.
• B) profit.
• C) interest.
• D) indirect taxes less subsidies.

---

Definitions:

Winter Showcase

An event, often in the arts, where talents or projects are displayed during the winter season.

Chorus

A group of singers who perform together, often in harmony, as part of a larger performance.

LSAT Scores

The numerical scores obtained from the Law School Admission Test, used by law schools as a standard measure of a candidate’s readiness for law education.

Law School

An educational institute offering advanced studies and degrees in law, preparing individuals for careers as lawyers or legal scholars.