Economics · National Income

National Income is defined as:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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

Correct answer

Net National Product (NNP) at factor cost

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National Income is defined as:

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