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National Income Aggregates & GDP · Question 3 of 69

Question 3

MediumOriginal question

Indian residents earn ₹50 crore of factor income abroad and non-residents earn ₹70 crore of factor income in India. NFIA is

Options for question 3

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. NFIA = 50 − 70 = ₹−20 crore.

  2. More factor income flows out than in, so national product is below domestic product.

Concept
Calculating NFIA
Typical time
70 s
Your time
—
The rule this testsDomestic and national: NFIA
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Ten questions from National Income Aggregates & GDP, at your own pace.

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Ten questions from National Income Aggregates & GDP, at your own pace.

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