Advertisements
Advertisements
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.
shaalaa.com
Gross and Net Domestic Product (GDP and NDP)
Is there an error in this question or solution?