Economics · National Income Accounting
Which specific economic aggregate is obtained by subtracting the consumption of fixed capital (depreciation) from the Gross Domestic Product at market prices, and then adjusting the result for the Net Factor Income from Abroad (NFIA)?
- 1Gross National Product at Factor Cost (GNPFC)
- 2Net National Product at Market Price (NNPMP)✓
- 3Net Domestic Product at Market Price (NDPMP)
- 4Net National Product at Factor Cost (NNPFC)
Correct answer
Net National Product at Market Price (NNPMP)
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