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Write Short Note On: Net National Product at Factor Cost - Economics

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Question

Write short note on:

Net national product at factor cost

Short/Brief Note
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Solution

Net National Product at Factor Cost or National Income (NNPFC) refers to the aggregate of all factor incomes earned by the factors of production (normal residents of a country both within the domestic territory as well as abroad).

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Chapter 9: National Income - Exercise 3 [Page 79]

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Micheal Vaz Economics [English] 12 Standard HSC
Chapter 9 National Income
Exercise 3 | Q 2.5 | Page 79
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