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Question
Which aggregate measures factor incomes earned by normal residents?
Options
Gross Domestic Product at Factor Cost (GDPFC)
Gross National Product at Factor Cost (GNPFC)
Net Domestic Product at Factor Cost (NDPFC)
Gross National Product at Market Prices (GNPMP)
MCQ
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Solution
GNPFC is gross national product measured at factor cost. It measures factor incomes earned by normal residents.
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