Multiple choice

What is the value of goods and services produced in a country within a year called?

  1. National income at factor cost

  2. Net national output

  3. Net national product at market prices

  4. gross national product at market prices

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Gross National Product (GNP) at market prices is the total value of all final goods and services produced by the residents of a country in a given year.