search
arrow-left Previous
Next arrow-right
Q: Which of the following is the correct sequence of broad and narrow concepts of National Income?
  • A. Gross National Product at factor cost - Gross National Product at market prices - Net national product at market price - Personal Income.
  • B. Gross national product at factor cost- Net national product at factor cost- Personal Income - Personal disposable income.
  • C. Personal Disposable Income - Personal Income - Gross National Product at Market price - Gross National Product at Factor cost.
  • D. Gross National Product at Market Prices - Net national product at market price - Gross National Product at Factor cost- Net national product at factor cost.
Correct Answer: Option B - The correct sequence of broad and narrow concepts of National Income is Gross National product at factor cost - Net National Product at factor cost - Personal Income - Personal disposable income.
B. The correct sequence of broad and narrow concepts of National Income is Gross National product at factor cost - Net National Product at factor cost - Personal Income - Personal disposable income.

Explanations:

The correct sequence of broad and narrow concepts of National Income is Gross National product at factor cost - Net National Product at factor cost - Personal Income - Personal disposable income.