CUET Economics PYQs

Which of the following are true about national income and related aggregates?

(A) National income includes factor income earned from abroad but does not include factor income paid abroad.

(B) Domestic income does not include factor income earned from abroad but includes factor income paid to abroad

(C) Domestic income include both factor income earned from abroad and factor income paid to abroad

(D) National income can never be smaller than domestic Income.

Choose the correct answer from the options given below:

When goods and services are evaluated at some constant set of prices, it can also be defined as.

Calculate Net National Product at factor cost (NNP$_{FC}$).

1. Rs. 3000 crores
2. Rs. 3137 crores
3. Rs. 3140 crores
4. Rs. 3500 crores