JKSSB Mock Tests

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

A. Net National Product at Market Prices
B. Gross National Product at Market Prices
C. Gross Domestic Product at Factor Cost
D. Net National Product at Factor Cost
Answer: Option D
Solution (By JKSSB Mock Tests Team)
NNP at factor cost is considered the purest measure of National Income because it calculates the total net value of all goods and services produced, minus depreciation and indirect taxes.
This Question Belongs to: General knowledge mcqs Economics set 1

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