Out of the following, which aggregate represents 'National Income'?

N N P_{M P}

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G N P_{F C}

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N N P_{F C}

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G N P_{M P}

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Solution

The correct option is B $N N P_{F C}$
NNP (at factor cost) aggregate represents 'National Income'. NNP (at factor cost) stands for Net National Product or National Income.
Formula: NNP( AT FC) = GDP( AT MP) - DEPRECIATION - NET INDIRECT TAX + NET FACTOR INCOME FORM ABROAD.

Suggest Corrections

Similar questions

G N P_{F C} = G N P_{M P} - ?

? =

-

G D P_{F C} = ? +

N D P_{F C} = ? -

-

National income $N N P_{F C}$ is equal to:

=

G D P_{F C} > G D P_{M P}

N N P_{F C} < N D P_{F C}

G D P_{F C} = G D P_{M P}

Group A		Group B
1)	Income method	a)	Personal income – direct taxes
2)	Unemployment allowance	b)	Money value of goods and services
3)	Disposable Income	c)	Factor cost method
4)	National Income	d)	Personal income subsidy
5)	NNP_(MP)	e)	Transfer payment
		f)	GNP_(MP) - Depreciation
		g)	Output method
		h)	Transfer income

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