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National Income Accounting — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsNational Income Accounting1 Mark
Question
Define GNP at Market Price.
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Answer

It refers to the market value of final goods and services produced during the year inclusive of:
  1. Net Factor Income from Abroad.
  2. Consumption of fixed capital.

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