Question
National Income is the
Answer: Option C
Answer: (c)
Net National Product at factor cost is also called national income.
Net National Product at factor cost is equal to sum total of value added at factor cost or net domestic product at factor cost and net factor income from abroad.
NNP at factor cost = NNP at Market Price -Net Indirect Tax.
National income measures the monetary value of the flow of output of goods and services produced within an economy over a period of time.
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Answer: (c)
Net National Product at factor cost is also called national income.
Net National Product at factor cost is equal to sum total of value added at factor cost or net domestic product at factor cost and net factor income from abroad.
NNP at factor cost = NNP at Market Price -Net Indirect Tax.
National income measures the monetary value of the flow of output of goods and services produced within an economy over a period of time.
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