Question

Net national product at factor cost is ___________.

• A. equal to national income
• B. less than national income
• C. more than national income
• D. sometimes less than national income and sometimes more than it

Answer 1

Answer: (A)

equal to national income

Net national product at factor cost is equal to national income, because $NN{P}_{FC}$ refers to Net National Product ($NNP$) which is a measure to estimate national income.