[Solved] Aggregate net value of the output in one year is the -

McqMate

Q.	Aggregate net value of the output in one year is the -
A.	National income at factor cost
B.	Gross Domestic Product at market prices
C.	Net. National Product at market prices
D.	Gross National Product at market prices
Answer» C. Net. National Product at market prices
Explanation: Net national product at market price is the market value of the output of final goods and services produced at current price in one year of a country. If we subtract the depreciation charges from the gross national product, we get net national product at market price, Net national product at market price=Gross national product at market price- Depreciation.

2.1k

0

Do you find this helpful?

13

View all MCQs in

Discussion

No comments yet

Related MCQs

When aggregate supply exceeds aggregate demand -
The value of the output of all goods and services produced within a nation's borders, normally given as a total for the year. It thus includes the production of foreign owned firms within the country, but excludes the income from domestically owned firms located abroad, is called:
Which terns is used in economics for the market value of all goods and services in one year by labour and properly supplied by the residents of the country?
HDI is an aggregate measure of progress in which of the three dimensions?
Acording to Keynesian theory of income determination, at full employment, a fall in aggregate demand causes -
Inflation occurs when aggregate supply is -
The situation in which aggregate demand in the economy is growing at a rate reliable to lead to inflation is called:
Value-added means value of -
Value of out put and value added can be distinguished if we know:
The reduction in value of an asset as reduction in the value of currency is known as: