Use this data below to answer the question The following data relates to the national...

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Use this data below to answer the question

The following data relates to the national income of a country.
Gross domestic product = $2800
Net factor income from abroad = $250
Depreciation = $700
Indirect taxes = $120

What is the country's Net National Product (NNP) at factor cost?

A. $3.050
B. $2,680
C. $2,230
D. $2.220

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Correct Answer: Option C

Explanation

NNP at factor cost is the net money value of all the goods and services produced by residents of a country plus net factor income from abroad.

Therefore NNP at FC = 2800 + 250 - (120 + 700)

3050 - 820 = 2230

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