Question

Define domestic income , in points ?

Answer 1

Heya...

_____ Domestic income _____

• Define
________ It's the domestic income that is factor income earned by the people within the domestic territory of their nation ,no matters of they are normal residents or non residents...

• It's category of producers...
________ It includes all the producers within the domestic territory of the country....

• Net factor income from abroad ...
___________ It's not included in domestic income...

Thank you

Answer 2

$\mathcal{ANSWER}$

•It is the total income earned by the people within the domestic territory of the nation. The producers are the residents of the country or non-residents (foreigners).

•It does not include the factor income that is earned from abroad.

•It includes all the producers within the domestic territory of the country.

•It is different from national income.

•National income is the income generated by the residents of the country within and outside the country.