Question : The sum total of all the factor income and within the domestic territory of a country is known as ___________________.
Option 1: National income
Option 2: Current income
Option 3: Domestic income.
Option 4: None of the above.
Correct Answer: Domestic income.
Solution :
Question : The money value of national product is known as _____________.
Option 1: Domestic income
Option 2: National income
Option 3: Factor income
Question : The money value of domestic product is known as ____________.
Option 4: None of these.
Question : Which of the following should be included in national income or domestic income?
Option 1: Income earned by foreign residents within the domestic territory
Option 2: Income earned by domestic residents outside the domestic territory
Option 3: Income earned by foreign residents outside the domestic territory
Option 4: Income earned by domestic residents within the domestic territory
Question : NFIA is negative, when ______________________________.
Option 1: Domestic income exceeds national income.
Option 2: Domestic income is less then national income.
Option 3: Domestic income is equal to national income.
Question : Factor income is a part of _______________.
Option 3: Both A and B
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