Which of the following is the odd one out?
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → GNP at factor cost
GDP at market prices, NDP at market prices and NDP at factor cost are all domestic aggregates: output within the domestic territory. GNP at factor cost is the only national one: it counts the factors belonging to the country.
The other groupings do not single one out: two options are gross and two net, two at market prices and two at factor cost.
NCERT (2026-27): “Table 2.4: Basic National Income Aggregates NDP at factor cost is the income earned by the factors in the form of wages, profits, rent, interest, etc., within the domestic territory of a country.” “Table 2.4: Basic National Income Aggregates GNP at factor cost measures value of output received by the factors of production belonging to a country in a year.” |