Which of the following is the correct sequence of national income from broader to narrower concepts?

Correct option is D

The Correct answer is (d)
The correct sequence of national income from broader to narrower concepts follows the progression from gross national product (GNP) at factor cost, which is the broadest concept, to personal disposable income, which is the narrowest.
1. GNP at Factor Cost: This is the total value of all goods and services produced by a country's residents, adjusted to remove the effects of indirect taxes and subsidies. It's the broadest measure among the listed concepts, focusing on the nation's entire production.
2. NNP at Factor Cost: Also known as National Income, this is derived from GNP at factor cost by subtracting depreciation. It provides a slightly narrower view by considering the net output available after maintaining the capital stock.
3. Personal Income: This includes all income actually received by the households and non-corporate businesses. It's narrower than national income because it excludes undistributed corporate profits, social security taxes, and includes income from other sources like personal interest income or dividends.
4. Personal Disposable Income: This is the income available to households for spending and saving after paying personal taxes. It's the narrowest concept because it reflects the actual spending power of individuals.
Therefore, the correct sequence is(d) GNP at factor cost - NNP at factor cost - Personal income - Personal disposable income