Practicing Success
Practicing Success
CUET Preparation Today
Net National Product at factor cost (NNPFC) is defined as : |
Value of output received by the factors of production belonging to a country in a year The sum of the income earned by all factors in the production in the form of wages, profit, rent and interest etc, belonging to a country during a year. It includes net factor income from Abroad. The value of a ll final goods and services produced by the normal residents of country The Gross domestic product at market price less net product taxes |
The sum of the income earned by all factors in the production in the form of wages, profit, rent and interest etc, belonging to a country during a year. It includes net factor income from Abroad. |
The correct answer is option (2) : The sum of the income earned by all factors in the production in the form of wages, profit, rent and interest etc, belonging to a country during a year. It includes net factor income from Abroad. |
