Q. The French Physiocrats believed land was the only thing that could produce a net product, this net product was the surplus generated from land. Physiocrats concluded that areasonable measure of a society’s net product is: (Solved)
1. the number of houses built in one year.
2. land rent.
3. rent paid to landlords by people living in apartments.
4. the amount of taxes collected in one year.
- b. land rent.