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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. |
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