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National Income Aggregates & GDP · Question 8 of 69

Question 8

MediumOriginal question

Which of these is included in India's NFIA as income from abroad?

Options for question 8

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. A resident's wage earned abroad is factor income from abroad.

  2. The Japanese factory's profit flows out; a gift is a transfer; rice exports are trade, not factor income.

Concept
Factor income from abroad
Typical time
70 s
Your time
—
The rule this testsDomestic and national: NFIA
Practise this chapter →

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

Practise this chapter →

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