Q. Net National Income at Factor Cost is called? (a) National Income (b) Gross Investment (c) Domestic Income (d) None of these
Net National Product at factor cost is also called as national income. Net National Product at factor cost is equal to sum total of value added at factor cost or net domestic product at factor cost and net factor income from abroad. NNP at Factor Cost = NNP at Market Price – Net Indirect tax.
