Advertisements
Advertisements
Question
Define ‘Net National Product’ at factor cost.
Definition
Advertisements
Solution
Net National Product at factor cost (NNPFC) represents the total value of final goods and services produced within a country, including net income from abroad, measured at the actual cost of employing resources in production.
shaalaa.com
Is there an error in this question or solution?
Chapter 19: National Income Aggregates - TEST YOURSELF QUESTIONS [Page 383]
