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
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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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