Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

What is the income earned by the factors in the form of wages, profits, rent, interest, etc., within the domestic territory of a country called as?

Options:

NDPFC

GDPMP

NDPMP

None of these

Correct Answer:

NDPFC

Explanation:

When we calculate NI with the help of Income method we reach at NDPFC where as in case of expenditure method and value added method we reach at GDPMP