The national income is the
- Gross Domestic Product at market prices
-
Gross National product at factor cost
- Net National Product at factor cost
- Net National Product at market prices
The correct answer is: B
Explanation
The gross national income (GNI), previously known as gross national product (GNP), is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP), plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents