The sum of net value added at factor cost of all the producing units of an economy gives :

Options

A. Gross domestic product at market price
B. net domestic product at market price
C. Net domestic product at factor cost
D. Gross domestic product at factor cost

Answer

C

Explanation

The sum of net value added at factor cost of all the producing units of an economy gives Net domestic product at factor cost because every unit is calculated on factor cost.