The GNP of an economy at market prices is ' 10,000, Net factor income from abroad is ' 1000, indirect taxes ' 800, subsidies ' 500 and depreciation ' 1000. What is the GDP at market prices?

National income accounting is a government bookkeeping system that measures a country's economic activity - offering insight into how an economy is performing. Such a system will include total revenues by domestic corporations, wages paid, and sales and income tax data for companies.