Question

What is the difference between basic and market prices used in the national account?


Answers (2)

by emmastone 7 years ago

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by Ben Cracknell 12 years ago

The difference between Basic and Market Price is the taxes and subsidies the government of the country has levied or contributed to the production of the services or goods in question.

'National Account' is the term usually intended to mean the USA, but actually applies to any country, a more general term is the 'Social Account'.


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