CUET EconomicsMacro > MediumValue of output received by the factors of production belonging to a country in a yearThe 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 AbroadThe value of all final goods and services produced by the normal residents of countryThe Gross domestic product at market price less net product taxes✅ Correct Option: 2Related questions:2 June Shift 1Identify the correct sequence with regard to externalities: (A) Leads to negative externalities. (B) Production by the refining industry pollutes nearby rivers. (C) Causes harm to people. (D) Dependent may loose their livelihood. Choose the correct answer from the options given below:3 June Shift 1Value added refers to which of the following?29 May Shift 1From the following, which will be included in the National Income?