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Aggregate net value of the output in one year is the
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- National income at factor cost
- Gross Domestic Product at market prices
- Net National Product at market prices
- Gross National Product at market prices
- National income at factor cost
Correct Option: C
Net national product at market price is the market value of the output of final goods and services produced at current price in one year of a country. If we subtract the depreciation charges from the gross national product, we get net national product at market price. Net national product at market price=Gross national product at market price-Depreciation.