Question

national cost is known as
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Answer 1

Answer:

national cost is also known as gnp at factor cost.

Answer 2

National cost is known as the National income.

EXPLANATION:

• National Income or country wide cost of any country is the entire fee of the goods and services produced by means of any of us at some point of its economic year.
• National Income at price manner that popular income earned through the assets for his or her contribution of land, labor, capital and organisational capacity.
• National income or national cost is an unsure time period.
• It is regularly used interchangeably with the national dividend, countrywide output, and countrywide expenditure.  
• The exertions and capital of a rustic performance on its natural sources produce annually a effective aggregate of commodities, material and immaterial including services of a wide variety.  
• This is the right annual profits or sales of the country or the national dividend.
• Hence, the sum of the income obtained through factors of manufacturing inside the form of rent, wages, jobs and earnings is referred to as national cost or the national Income.