National Income is defined as Net National Product at Factor Cost (NNP at FC). It measures the income earned by normal residents of a country during a year, after deducting depreciation and indirect taxes (and adding subsidies) from market-priced output.
National Income can also be called :
CUET UG 2023 — Economics Macro
2023mcqeasy
National Income can also be called :
Official previous-year question
Verified 13 Jul 2026.
Options
- A
Net National Product at Market Price
- B
Gross National Product at Factor Cost
- C
Net National Product at Factor Cost
- D
Gross National Product at Market Price
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