Question : ______________ refers to the gross market value of all final goods and services produced by the normal resident of a country during a period of one year.
Option 1: GNP at FC
Option 2: GNP at MP
Option 3: GDP at FC
Option 4: GDP at MP
Answer (1)
20th Jan, 2024
Correct Answer: GNP at FC
Solution :
Gross national product at factor cost refers to the gross market value of all final goods and services produced by the normal resident of a country during a period of one year.
Hence, Option A is correct.
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