Question : National income is also known as ____________.
Option 1: NDP at MP
Option 2: NDP at FC
Option 3: NNP at MP
Option 4: NNP at FC
Correct Answer: NNP at FC
Solution : Net national product at factor cost or national income 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.
Hence, Option D is correct,
Question : Domestic income is also known as ____________.
Question : Which aggregate represents National income?
Question : NDP at FC plus net factor income from abroad is equal to
Question : Which of the following aggregates best describes the National Income?
Question : ________________ refers to the net market value of all final goods and services produced by the normal resident of a country during a period of one year.
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