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Question : ______________ refers to the gross market value of all final goods and services produced by the normal resident of a country during a period of one year.

Option 1: GNP at FC

Option 2: GNP at MP

Option 3: GDP at FC

Option 4: GDP at MP


Team Careers360 17th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: GNP at FC


Solution :

Gross national product at factor cost refers to the gross market value of all final goods and services produced by the normal resident of a country during a period of one year.
Hence, Option A is correct.

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