Assertion (A): Domestic Income is a territorial concept

Question

813 viewsDecember 7, 2023Assertion Reason

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Anurag Pathak28.64K December 7, 2023 0 Comments

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.

score 0 · Answer 1 · 2023-12-07T02:27:17+00:00

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.