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Question
Net national product is alternatively known by which of the following names?
Net national product is alternatively known by which of the following names?
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Solution
The correct option is C National income
Net national product is measured by considering the monetary value of finished goods and services produced by a country's citizens, both operating in foreign and domestic market. It is considered as the true measure of national output. It is also known as national income.
Net national product is measured by considering the monetary value of finished goods and services produced by a country's citizens, both operating in foreign and domestic market. It is considered as the true measure of national output. It is also known as national income.
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