Which out of the following is NOT a fact

CUET Preparation Today

Start Free Mocks

Home Questions UQR69ST76N

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

Which out of the following is NOT a factor income?

Options:

Interest

Wage

Gifts from Abroad

Rent

Correct Answer:

Gifts from Abroad

Explanation:

Factor income is income derived from the factors of production for rendering services. The factor incomes are - rent, wages, interest, profits.