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Question : Which of the following aggregates best describes the National Income?

Option 1: GDP at MP

Option 2: NNP at FC

Option 3: NDP at MP

Option 4: GNP at FC


Team Careers360 11th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: NNP at FC


Solution : The correct option is NNP at FC.

NNP at FC (Net National Product at Factor Cost) is one of the key measures used to describe the national income of a country. It represents the total value of goods and services produced within a country's borders after accounting for depreciation or capital consumption.

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