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.
Answer (1)
17th Jan, 2024
Correct Answer: Domestic income.
Solution :
The sum total of all the factor income and within the domestic territory of a country is known as domestic income. Domestic income is also abbreviated as NDP at FC.
Hence, Option C is correct.
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