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CAIE A-Level Economics AS 4.1.3 Market to Basic Prices Questions

Practise distinguishing GDP at market prices, factor cost and basic prices, applying tax and subsidy adjustments, and calculating national income measures from data.

Syllabus
2026–2028
Course
Economics 9708
Level
AS

Exam points

  • Distinguish GDP at market prices, factor cost and basic prices, apply tax and subsidy adjustments, and calculate national income measures.

CAIE A-Level Economics AS 4.1.3 Market to Basic Prices Questions question 1

[Maximum number: 1]

The table below shows some national income statistics.

Table for Question CAIE A-Level Economics AS 4.1.3 Market to Basic Prices Questions question 1 — CAIE A-Level Economics AS

What is GDP at market prices?

A

$ 276 b n

B

$ 284 bn

C

$ 316 bn

D

$ 324 bn

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