National income is affected by both factor as well as transfer incomes.
True or False with Reasons
National income is affected by both factor as well as transfer incomes.
Anurag Pathak Changed status to publish December 11, 2023
False,
It is affected by factor income only.
Explanation:-
National income only adds the factor income as it adds to the current flow of goods and services in the economy.
It is the true indication of employment generation and decline.
Anurag Pathak Changed status to publish December 11, 2023
