National income at factor costs is calculated as
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1 mark, −0.33MacroeconomicsNational income accountingGDP, GNP, NDP and national incomeEasyabout 1 min
UoH 2017 Question 34: National income accounting
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National income accounting has come up 132 times in 6 exams since 2010.
What this question tests
This question is on GDP, GNP, NDP and national income, part of National income accounting in Macroeconomics.
Converting between GDP, GNP, net product and national income, and between market prices and factor cost.
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