National Income is the ........

Economic Affairs NCERT

Download Solution PDF

National Income is the

Net National Product at market price

Net National Product at factor cost

Net Domestic Product at market price

Net Domestic Product at factor cost

छोटे Courses बड़े Results

Master NCERT

Prepare through Micro-courses

Try Now

Explanation:

NNP at market price is gross national product at market price minus depreciation. Net National Product at factor cost is also called as national income. Net National Product at factor cost is equal to sum total of value added at factor cost or net domestic product at factor cost and net factor income from abroad.