Which of the following is not a concept in National Income Accounting?
ECONOMICS
WAEC 2010
Which of the following is not a concept in National Income Accounting?
- A. Domestic National Products (DNP)
- B. Gross National Product (GNP)
- C. Gross Domestic Product (GDP)
- D. Net Domestic Product (NDP)
Correct Answer: A. Domestic National Products (DNP)
Explanation
There are various concepts of National Income, such as GDP, GNP, NNP, NI, PI, DI, and PCI which explain the facts of economic activities. Domestic National Products is not a National Income Accounting concept.
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