Question : Which amongst the following statments are true?
Option 1: 1&2
Option 2: 2&3
Option 3: Only 3
Option 4: Only 2
Correct Answer: Only 3
Solution : Intermediate goods have a derived demand as their demand depends upon demand for the final goods. The final goods have a direct demand as you satisfy the ones directly. National income can also be less than domestic income the net factor income from abroad is negative. It can always more than the domestic income only when net factor income from abroad is positive. Final goods include those goods which are either consumed by the households or purchase by the producers for investment purpose. Hence, Option C is correct.
Question : Which of the following statements are true?
Question : Which of the following are true?
Interest income does not includes
Question : Which of the following are not included in national income?
Question :
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