Economics · National Income Accounting
National income is equivalent to which of the following aggregates?
- 1GDPMP (Gross Domestic Product at Market Price)
- 2GDPFC (Gross Domestic Product at Factor Cost)
- 3NNPMP (Net National Product at Market Price)
- 4NNPFC (Net National Product at Factor Cost)✓
Correct answer
NNPFC (Net National Product at Factor Cost)
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