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Is national income is always more than domestic income. Explain

Posted by Rajiv Kumar 3 years, 4 months ago

CBSE > Class 12 > Economics

3 answers

Preeti Dabral 3 years, 4 months ago

False: National income can be less than domestic income when net factor! income from abroad (NFIA) is negative. National income can also be equal to domestic income if NFIA is zero.

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Deepanshu Jha 3 years, 5 months ago

No it's not compulsory that nation income always more than the domestic income it's depend upon nfia if nfia is minus in term then nation income is less then the domestic income

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Lucky 1 3 years, 5 months ago

Domestic Income of a country can be more than its National Income- This situation occurs when net factor income from abroad is negative. Hence, NDP(at factor cost) or Domestic income becomes greater than the NNP(at factor cost) or National Income.

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CBSE > Class 12 > Economics