Answer» Correct Answer - Option 2 : Net National Product at factor cost
The Correct Answer is Net National Product at factor cost. - National income is the Net National Product at factor cost.
- Net domestic product (NDP) is an annual indicator of a nation's economic production that is adjusted for depreciation accounting and measured by subtracting depreciation from the gross domestic product (GDP).
- The net domestic product (NDP) is an annual indicator of a nation's economic performance that is adjusted for depreciation accounting and is determined by subtracting depreciation from the gross domestic product (GDP).
- Net domestic product, along with GDP, gross national income (GNI), disposable income and personal income, is one of the main indicators of economic growth published by the Bureau of Economic Analysis(BEA) on a quarterly basis
- A rise in the NDP would be a sign of rising economic stagnation, while a decline would be a sign of continued economic health. While the gross domestic product is commonly quoted when measuring a country's economic health, the rate at which capital assets decay and need to be replaced is put into perspective by the net domestic product..
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