Question : ___________________ refers to the net money value of all the final goods and services produced within the geographical territory of a country during a period of one year.
Option 1: NDP at FC
Option 2: NDP at MP
Option 3: NNP at MP
Option 4: NNP at FC
Answer (1)
23rd Jan, 2024
Correct Answer: NDP at FC
Solution :
Net domestic product at factor cost or domestic income refers to the net money value of all the final goods and services produced within the geographical territory of a country during a period of one year.
It is also known as Domestic Income.
Hence, Option A is correct.
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