Question : Which of the following explains the correct relationship?
Option 1: NFIA= National- Current Income.
Option 2: NFIA= Domestic + National Income
Option 3: NFIA= National - Domestic
Option 4: NFIA= Transfer + Domestic income
Correct Answer: NFIA= National - Domestic
Solution :
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.
Option 4: None of the above.
Question : Transfer income is a part of __________________.
Option 1: National income
Option 2: Domestic income
Option 3: Both national and domestic income.
Option 4: Neither national nor domestic income
Question : The sum total of all the factor income and within the domestic territory of a country is known as ___________________.
Option 2: Current income
Option 3: Domestic income.
Question : Accounting of National Income at constant prices is known as____________.
Option 1: Money income
Option 3: Domestic income
Option 4: Real income
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
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