National Income is sum of all the transfer income generated in an economy.
True or False with Reasons:
National Income is sum of all the transfer income generated in an economy.
Anurag Pathak Changed status to publish December 11, 2023
False,
National Income is sum total of all factor incomes earned by normal residents, anywhere in the world.
transfer income does not add the current flow of goods and services, thus are not included in the national income.
Anurag Pathak Changed status to publish December 11, 2023
