CA Foundation Exam > CA Foundation Questions > National income refers to:a)The sum total of ...
Start Learning for Free
National income refers to:
- a)The sum total of domestic income and net factor income from abroad
- b)Factor incomes only
- c)Income of only normal residents of the country
- d)All of these
Correct answer is option 'A'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
National income refers to:a)The sum total of domestic income and net f...
National income refers to all the given options.
Most Upvoted Answer
National income refers to:a)The sum total of domestic income and net f...
Explanation:
National income can be defined as the sum total of all factor incomes earned by normal residents of a country in a given period of time, generally a year. It includes income earned by individuals, businesses, and the government.
Net factor income from abroad:
Net factor income from abroad refers to the difference between the income earned by domestic residents from foreign investments and the income earned by foreign residents from domestic investments. It is an important component of national income.
Domestic income:
Domestic income refers to the income earned by individuals and businesses within the country's borders. It includes salaries, wages, rent, interest, and profits earned by normal residents of the country.
Normal residents:
Normal residents refer to individuals who live within the country's borders for a significant period of time, generally a year or more. They may be citizens of the country or foreigners who have been residing in the country for a long time.
Conclusion:
Therefore, national income refers to the sum total of domestic income and net factor income from abroad. It is an important indicator of a country's economic growth and development.
National income can be defined as the sum total of all factor incomes earned by normal residents of a country in a given period of time, generally a year. It includes income earned by individuals, businesses, and the government.
Net factor income from abroad:
Net factor income from abroad refers to the difference between the income earned by domestic residents from foreign investments and the income earned by foreign residents from domestic investments. It is an important component of national income.
Domestic income:
Domestic income refers to the income earned by individuals and businesses within the country's borders. It includes salaries, wages, rent, interest, and profits earned by normal residents of the country.
Normal residents:
Normal residents refer to individuals who live within the country's borders for a significant period of time, generally a year or more. They may be citizens of the country or foreigners who have been residing in the country for a long time.
Conclusion:
Therefore, national income refers to the sum total of domestic income and net factor income from abroad. It is an important indicator of a country's economic growth and development.
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
National income refers to:a)The sum total of domestic income and net factor income from abroadb)Factor incomes onlyc)Income of only normal residents of the countryd)All of theseCorrect answer is option 'A'. Can you explain this answer?
Question Description
National income refers to:a)The sum total of domestic income and net factor income from abroadb)Factor incomes onlyc)Income of only normal residents of the countryd)All of theseCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about National income refers to:a)The sum total of domestic income and net factor income from abroadb)Factor incomes onlyc)Income of only normal residents of the countryd)All of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for National income refers to:a)The sum total of domestic income and net factor income from abroadb)Factor incomes onlyc)Income of only normal residents of the countryd)All of theseCorrect answer is option 'A'. Can you explain this answer?.
National income refers to:a)The sum total of domestic income and net factor income from abroadb)Factor incomes onlyc)Income of only normal residents of the countryd)All of theseCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about National income refers to:a)The sum total of domestic income and net factor income from abroadb)Factor incomes onlyc)Income of only normal residents of the countryd)All of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for National income refers to:a)The sum total of domestic income and net factor income from abroadb)Factor incomes onlyc)Income of only normal residents of the countryd)All of theseCorrect answer is option 'A'. Can you explain this answer?.
Solutions for National income refers to:a)The sum total of domestic income and net factor income from abroadb)Factor incomes onlyc)Income of only normal residents of the countryd)All of theseCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of National income refers to:a)The sum total of domestic income and net factor income from abroadb)Factor incomes onlyc)Income of only normal residents of the countryd)All of theseCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
National income refers to:a)The sum total of domestic income and net factor income from abroadb)Factor incomes onlyc)Income of only normal residents of the countryd)All of theseCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for National income refers to:a)The sum total of domestic income and net factor income from abroadb)Factor incomes onlyc)Income of only normal residents of the countryd)All of theseCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of National income refers to:a)The sum total of domestic income and net factor income from abroadb)Factor incomes onlyc)Income of only normal residents of the countryd)All of theseCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice National income refers to:a)The sum total of domestic income and net factor income from abroadb)Factor incomes onlyc)Income of only normal residents of the countryd)All of theseCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup