Net National Product at factor cost (NNP_FC) is defined as :

Question

Option 1: Value of output received by the factors of production belonging to a country in a year

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

Option 3: The value of all final goods and services produced by the normal residents of country

Option 4: The Gross domestic product at market price less net product taxes

AfterBoards · Accepted Answer

The answer is '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'. View full solution:

CUET Economics PYQs

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