Question

national income related aggregate​

Answer 1

National Income refers to net money value of all the final goods and services produced by the normal residents of a country during an accounting year. ... The difference between these two incomes is Net Factor Income from abroad (NFIA), which is included in National Income (NY) and excluded from Domestic Income (DY).J



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Answer 2

National Income refers to net money value of all the final goods and services produced by the normal residents of a country during an accounting year. ... Domestic Income refers to a total factor incomes earned by the factor of production within the domestic territory of a country during an accounting year.

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