Question : ________________ is the difference between factor income received from rest of the world and factor paid to rest of the world.
Option 1: Net factor income from abroad
Option 2: Factor income from abroad
Option 3: Factor income to abroad
Option 4: All of the above.
Correct Answer: Net factor income from abroad
Solution :
Question : Which of the following is correct regarding Private Income?
Question : ________________ is the amount paid to factors of production for their contribution in the production process.
Question : __________________ is the price for which product is actually sold in the market.
Question : Which of these expressions is correct?
Question : Which of the following identities is correct regarding Gross National Product (GNP)?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile