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 all 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 |
