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______ is the difference between Domestic Income and National Income. -

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Question

______ is the difference between Domestic Income and National Income.

Options

  • NFIA

  • Net Indirect Tax

  • Depreciation

  • All of the above

MCQ
Fill in the Blanks

Solution

NFIA is the difference between Domestic Income and National Income.

Explanation:

The difference between the revenue earned from abroad for rendering factor services to the rest of the world by normal residents of a nation and the income paid for factor services delivered by non-residents in the country's domestic territory is known as net factor income from abroad.

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Gross and Net Domestic Product (GDP and NDP)
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