Economics · National Income Accounting
Which of the following represents the correct sequential order of national income aggregates from broader to narrower concepts?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Personal income → Personal disposable income → NNP at factor cost → GNP at factor cost
- 2GNP at factor cost → GNP at market prices → NNP at market prices → Personal income
- 3Personal disposable income → Personal income → GNP at market prices → GNP at factor cost
- 4GNP at market prices → NNP at market prices → GNP at factor cost → NNP at factor cost✓
Correct answer
GNP at market prices → NNP at market prices → GNP at factor cost → NNP at factor cost
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