Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

Any domestic concept at market price becomes a national concept at market price in which of the following cases?

Options:

net factor income from abroad is subtracted

net factor income from abroad is added

net factor income from abroad is equal

net factor income from abroad is zero

Correct Answer:

net factor income from abroad is added

Explanation:

GNPMP = GDPMP + NFIA (net factor income from abroad)