The sum of factor payments is equal to _______.
The sum of factor payments is equal to _______.
(a) Domestic Income
(b) National Income
(c) Per Capita Real Income
(d) Per Capital Nominal Income
Anurag Pathak Changed status to publish December 14, 2023
Ans – (a) or (b)
Explanation:-
Domestic Income is the sum of factor payments earned by residents and non-residents from the domestic territory of India.
National Income is the sum of factor payments earned by residents from the domestic territory and the rest of the world.
Anurag Pathak Changed status to publish December 14, 2023
