According to the recent changes in GDP and GVA calculation:

1.    GDP = GVA at basic prices +product taxes - product subsidies

2.    GDP = GVA at basic prices + production taxes - production subsidies

3.    GVA at factor cost = GVA at basic prices- production taxes less production subsidies

4.    GVA at factor cost = GVA at basic prices -product taxes less product subsidies

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