WBCS.LIVE practice question

Which of the following national income aggregates is generally recognised as National Income of a country?

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

Answer options

  1. Net National Product at Market Prices
  2. Net National Product at Factor Cost
  3. Gross National Product at Market Prices
  4. Gross Domestic Product at Factor Cost

Correct answer and explanation

Correct answer: Net National Product at Factor Cost