Domestic Income of a country can be more than its National Income
True or False with Reasons
Domestic Income of a country can be more than its National Income.
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True,
It is possible when the factor income paid abroad is more than the factor income received from abroad.
For example
Let’s assume
Domestic Income = ₹600 Crores
Factor income from abroad = ₹ 100 Crores
Factor income to abroad = ₹ 150 Crores
National Income = Domestic Income + Factor income from abroad – Factor income to abroad
National Income = ₹ 600 + ₹ 100 – ₹ 150
National Income = ₹ 550 Crores
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