Question

when will the domestic income be greater than the national income ?​

Answer 1

Domestic Income of a country can be more than its National Income- it is a true statement. This situation occurs when net factor income from abroad is negative. Hence, NDP(at factor cost) or Domestic income becomes greater than the NNP(at factor cost) or National Income.

Answer 2

Domestic Income of a country can be more than its National Income- it is a true statement. This situation occurs when net factor income from abroad is negative. Hence, NDP(at factor cost) or Domestic income becomes greater than the NNP(at factor cost) or National Income.

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