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National Income Aggregates & GDP · Question 23 of 69

Question 23

EasyOriginal question

National income in the narrow sense means

Options for question 23

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. National income is the factor income earned by a country's normal residents, net of depreciation: NNP at FC.

Concept
National income defined
Typical time
40 s
Your time
—
The rule this testsMarket price, factor cost and basic prices
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Ten questions from National Income Aggregates & GDP, at your own pace.

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