Question

If the national income is `2,800 crore and NDPfc is `3,000 crore, which of the following option will be correct? :
(a) Factor income from abroad `500 and factor income to abroad is `200
(b) Factor income from abroad `400 and factor income to abroad is `600
(c) Factor income from abroad `600 and factor income to abroad is `400
(d) Factor income from abroad `700 and factor income to abroad is `700​

Answer 1

Answer:

option b is correct

Explanation:

National income refers to the factor income earned by the normal residents of the country during a period of time

it is denoted as NNPat factor cost

NDPFC +NFIA= NNPFC

3000CRORE+NFIA=2800 CRORE

NFIA= -200CRORE

ie factor income received from abroad less actoe payments made to abroad=(-200)

in option 2

factor income received from abroad=400 crore

factor income paid to abroad= 600 crore

therefore NFIA will be 400-600 ie -200crore

Hence option 2 is correct

Answer 2

Answer:

option b is correct

Explanation:

as NFIA =Net factor income from abroad - from rest of 5he world