Question

discuss the concept of net national product at factor cost or national income?​

Answer 1

Explanation:

Thus, NNP at market price is gross national product at market price minus depreciation. 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.

Answer 2

Answer:

Thus, NNP at market price is gross national product at market price minus depreciation. 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.