Question

State whether the following statements are true or false? Give reasons for your answer. 3
a) Retirement pensions are included in national income, while old age pensions are not.
b) Net exports and net factor income from abroad are one and the same thing.
c) Change in stock is a component of gross fixed capital formation.

Answer 1

Explanation:

State whether the following statements are true or false? Give reasons for your answer. 3

a) Retirement pensions are included in national income, while old age pensions are not.

b) Net exports and net factor income from abroad are one and the same thing.

c) Change in stock is a component of gross fixed capital formation.