NextQ64

To arrive at the value of National Income (NNP_FC), ___________ must be added to ___________ at factor cost. (Choose the correct option to fill in the blanks)

Introduction to National Income AggregatesStudy Simplify SpecialPYQ6LQ
Question 63

Calculate National Income (NNP_FC) and Gross Domestic Product at Factor Cost (GDP_FC) from the following data : (i) "Increase in per capita availability of goods and services necessarily means rise in welfare of the people of that country." Do you agree with the given statement ? Give valid reason in support of your answer. (ii) Define capital goods.

63/86