CUET Preparation Today
The current transfers from the rest of the world such as gifts, aids, etc. are included in _____. |
National Disposable Income. Private Income. National debt interest. Current transfers from government. |
National Disposable Income. |
The correct answer is Option (1) → National Disposable Income. National disposable income= Net National Product at market prices + Other Current Transfers from the rest of the World. Current transfers from the rest of the world, such as gifts, aids, and remittances, are unrequited transfers of income. They represent a redistribution of income between countries without any goods or services being provided in direct return. These transfers are unilateral (not in exchange for goods/services), and though they do not add to national production, they do increase the amount of income available for use in the economy. |
