Question : Which aggregate represents National income?
Option 1: NNP at FC
Option 2: NNP at MP
Option 3: NDP at FC
Option 4: NDP at MP
Answer (1)
25th Jan, 2024
Correct Answer: NNP at FC
Solution :
Net national product at factor cost refers to the next money value of all final goods and services produced by the normal resident of a country during a period of one year.
It is also knnown as National income or NNP at FC.
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