If the sum of factor incomes is (₹760) crore and net factor income from abroad is (₹40) crore, what is national income?
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Answer and explanation
Correct answer: (₹800) crore
National income is obtained by adding net factor income from abroad to domestic factor income. Here, the sum of factor incomes is ₹760 crore and net factor income from abroad is ₹40 crore. Thus, national income = ₹760 crore + ₹40 crore = ₹800 crore. Therefore, option C is the only numerically correct answer.
Frequently asked questions
What is the correct answer to this question?
(₹800) crore
Why is this the correct answer?
National income is obtained by adding net factor income from abroad to domestic factor income. Here, the sum of factor incomes is ₹760 crore and net factor income from abroad is ₹40 crore. Thus, national income = ₹760 crore + ₹40 crore = ₹800 crore. Therefore, option C is the only numerically correct answer.
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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