WBCS.LIVE practice question

______ at Market Price refers to the sum total of factor incomes earned by residents of a country during an accounting year including net indirect taxes.

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Net Domestic Product (NDP)
  2. Gross National Product (GNP)
  3. Net National Product (NNP)
  4. Gross Domestic Product (GDP) sectors

Correct answer and explanation

Correct answer: Net National Product (NNP)