Economics · National Income

In economics, National Income is technically defined as which of the following?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Net National Product (NNP) at market prices
2Net Domestic Product (NDP) at market prices
3Net Domestic Product (NDP) at factor cost
4Net National Product (NNP) at factor cost✓

Correct answer

Net National Product (NNP) at factor cost

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In economics, National Income is technically defined as which of the following?

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In economics, National Income is technically defined as which of the following?

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