Question

define national income and difference between national income and domestic income​

Answer 1

Answer:

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National income is the sum total of factor incomes earned by normal residents of a country during a given year. Domestic income is the sum total of factor incomes generated within the domestic territory of a country.

Answer 2

Answer:

National income is defined as the total value of all the goods and services produced within a country plus net income coming from abroad.

Explanation: