Recent content by vidur2812

This is how it was asked in my exam as a true/false question "Variables at factor cost do not contain subsidies" Correct answer according to my professor - TRUE

So you agree with me?

I am a student and I am having an argument with my macroeconomics professor who says that variables at factor cost(or true factor cost as he calls it) do not contain subsidies whereas I think otherwise. My argument is based on a very simple example which is that is a farmer sells sugarcane to...