If national income is ₹1100 crore and domestic income is ₹1080 crore, what is net factor income from abroad?
Answer and explanation
Correct answer: ₹20 crore
The relationship is: National Income = Domestic Income + Net Factor Income from Abroad. Rearranging gives Net Factor Income from Abroad = National Income − Domestic Income. Substituting the values, ₹1100 crore − ₹1080 crore = ₹20 crore. Therefore, the net factor income from abroad is positive ₹20 crore, making option A correct.
Frequently asked questions
What is the correct answer to this question?
₹20 crore
Why is this the correct answer?
The relationship is: National Income = Domestic Income + Net Factor Income from Abroad. Rearranging gives Net Factor Income from Abroad = National Income − Domestic Income. Substituting the values, ₹1100 crore − ₹1080 crore = ₹20 crore. Therefore, the net factor income from abroad is positive ₹20 crore, making option A correct.
Which subject and chapter does this question cover?
This is a Class 11 Economics question. Chapter: National Income and Related Aggregates.
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