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.
Anurag Pathak Changed status to publish December 6, 2023
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
Anurag Pathak Changed status to publish December 6, 2023