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CBSE Class 12-commerce Answered

Define Net National Product at factor cost (NNPFC).
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
answered-by-expert Expert Answer

NNP at factor cost is the sum total of factor incomes earned by normal residents of a country during the period of an accounting year.

NNPFC = NDPFC + Net factor income from abroad

Answered by | 15 Apr, 2016, 04:30: PM
CBSE 12-commerce - Macroeconomics
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CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
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CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
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CBSE 12-commerce - Macroeconomics
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