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How is the interest earned by normal resident treated? -

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Question

How is the interest earned by normal resident treated?

Options

  • Included in National Income

  • Included in Domestic income

  • Excluded in National Income

  • Excluded in Domestic Income

MCQ

Solution

Included in National Income

Explanation: 

As a type of transfer payment, interest earned by ordinary residents is included in national income.

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