What is NNPfc
Posted by Anjali Sekhawat 6 months, 1 week ago
- 2 answers
The Net National Product at Factor Cost (NNP at Factor Cost) is the net money value of all goods and services produced by normal citizens of a country. It includes income earned by Indian citizens, whether they live in India or abroad. National income is also known as Net National Product at Factor Cost.
NNPfc refers to net national product at facor cost. It is the net output evaluated at facor prices. It is also known as 'national income' of a country. Which means the total value of all goods and services produced during a period of time by national residents of a country.
The actual value of variables of income , output and employment comes under which concept ? A) ex anti B) ex ante C) ex post D) none of these
Posted by Parv Goyal 18 hours ago
- 1 answers