Muft Shiksha
Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
Class 12EconomicsNational Income and Related AggregatesAggregates related to national income - NNPEasyLevel 27

What does MP mean in NNPMP?

Advertisement

Answer and explanation

Correct answer: Market Price

NNPMP means Net National Product at Market Price, so MP stands for Market Price. Market price is the amount paid by the purchaser for a final good or service in the market. It differs from factor cost, which measures the income paid to the factors of production. Marginal product is a production concept, not the meaning of MP in this aggregate. Therefore, option A is correct.

Tags

economicsnational incomeNNPmarket pricemacroeconomicsAggregates related to national income NNPNational Income and Related AggregatesClass 12 MCQ

Frequently asked questions

What is the correct answer to this question?

Market Price

Why is this the correct answer?

NNPMP means Net National Product at Market Price, so MP stands for Market Price. Market price is the amount paid by the purchaser for a final good or service in the market. It differs from factor cost, which measures the income paid to the factors of production. Marginal product is a production concept, not the meaning of MP in this aggregate. Therefore, option A is correct.

Which subject and chapter does this question cover?

This is a Class 12 Economics question. Chapter: National Income and Related Aggregates. Topic: Aggregates related to national income - NNP.

क्या यह प्रश्न उपयोगी था?

अभी कोई rating नहीं है

Write a review / Rate this question
Your rating
क्या प्रश्न उपयोगी था?
Difficulty
क्या explanation समझ आया?
Reviews appear after moderation. Your display name is public; do not include contact information.

Student Reviews

अभी कोई प्रकाशित review नहीं है।

⚠ Report an issue

KEEP PRACTISING

10 more MCQs
  1. 1Why is gross domestic product called domestic in macroeconomics?
  2. 2What is obtained by subtracting depreciation from gross national product?
  3. 3What is obtained by deducting depreciation from gross national product?
  4. 4What is obtained from gross national product after deducting depreciation?
  5. 5Which option gives the correct relation between gross and net national product?
  6. 6If GNP is 700 and NNP is 630, what will depreciation be?
  7. 7If GNP is 1200, depreciation is 150, and net factor income from abroad is 50, what will NNP be?
  8. 8What adjustment is necessary when converting gross national product into net national product?
  9. 9National income is generally expressed as which aggregate?
  10. 10Which adjustments are generally needed to reach national income (NNP at factor cost) from GNP at market price?
Report question
Advertisement