Assertion (A): Domestic Income is a territorial concept
Assertion (A): Domestic Income is a territorial concept.
Reason (R): Domestic Income includes value of final goods and services produced in the entire world.
Alternatives:
(a) Both Assertion (A) and Reason (R) are True and Reason (R) is the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are True and Reason (R) is not the correct explanation of Assertion (A).
(c) Assertion (A) is True but Reason (R) is False.
(d) Assertion (A) is False but Reason (R) is True.
Anurag Pathak Changed status to publish December 7, 2023
Ans – (c)
Assertion (A is true Domestic Income is a territorial concept
But Reason (R) is False as Domestic Income includes value of final goods and services produced within the domestic territory.
Anurag Pathak Changed status to publish December 7, 2023
