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Question
National income is equal to ______.
Options
Domestic product plus factor income earned from abroad.
Domestic product plus net factor income earned from abroad.
Domestic product mins factor income earned from abroad.
Domestic product plus export minus imports.
MCQ
Fill in the Blanks
Solution
National income is equal to domestic product plus net factor income earned from abroad.
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Methods of Calculating National Income - Value Added Or Product Method
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