Which of the following is not a component of domestic income?
Which of the following is not a component of domestic income?
(a) Net factor income from abroad
(b) Operating Surplus
(c) Mixed income
(d) Compensation of Employees
Anurag Pathak Changed status to publish December 14, 2023
Ans – (a)
Explanation:-
Net factor income from abroad is part of National Income.
It is added to the domestic income to get the National Income
National Income = Domestic Income + Net Factor income from abroad
Compensation of employees, mixed-income and operating surplus are part of domestic income.
Domestic Income = Compensation of Employees + Mixed Income + Operating Surplus
Anurag Pathak Changed status to publish December 14, 2023
