Which statements are true in terms of basic national income aggregates:
(A) GNP at factor cost measures the value of output received by the factors of production belonging to a country in a year.
(B) GDP is the market value of all intermediate goods and final goods and services produced within a domestic territory of a country measured in a year.
(C) NDP at factor cost is the income earned by the factors in the form of wages, profits, rent, interest, etc., within the domestic territory of a country.
(D) GDP at factor cost is gross domestic product at market prices, less net product taxes.
Choose the correct answer from the options given below:
Held on 27 May 2025 · Verified 13 Jul 2026.
(A), (B), (C) and (D)
(A), (B) and (D) only
(B), (C) and (D) only
(A), (C) and (D) only
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