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Identify the correct statement from the following:
A. The Household’s inv esting is not considered to be the cost of building a residence
B. Net factor revenue from overseas includes money from Exports
C. The sum of factor incomes equals the net value added
D. The assessment of national income takes into account the market value of both final and intermediate items
E. Profit earned by non-resident company in India is a part of domestic income of India
Choose the correct answer from the options given below:
A. The Household’s inv esting is not considered to be the cost of building a residence
B. Net factor revenue from overseas includes money from Exports
C. The sum of factor incomes equals the net value added
D. The assessment of national income takes into account the market value of both final and intermediate items
E. Profit earned by non-resident company in India is a part of domestic income of India
Choose the correct answer from the options given below:
- a)A, D only
- b)B, E only
- c)D, E only
- d)C, E only
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Identify the correct statement from the following:A. The Household&rsq...
B: Net factor revenue from overseas includes money from Exports. This statement is correct because net factor revenue from overseas includes income earned by residents from foreign countries, which comprises money from exports.
E: Profit earned by non-resident company in India is a part of domestic income of India. This statement is correct because domestic income includes all incomes earned within the geographical boundaries of a country, including the income earned by non-resident companies.
The other statements (A, C, and D) are incorrect for the following reasons:
E: Profit earned by non-resident company in India is a part of domestic income of India. This statement is correct because domestic income includes all incomes earned within the geographical boundaries of a country, including the income earned by non-resident companies.
The other statements (A, C, and D) are incorrect for the following reasons:
- A: The Household's investing is considered to be the cost of building a residence, as it adds to the capital formation in the economy.
- C: The sum of factor incomes does not equal the net value added. The sum of factor incomes equals the gross value added.
- D: The assessment of national income takes into account the market value of only final items, not intermediate items. Intermediate items are excluded to avoid double counting.
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Community Answer
Identify the correct statement from the following:A. The Household&rsq...
Explanation:
Net factor revenue from overseas includes money from Exports
- Net factor revenue from overseas refers to the income earned by residents of a country from their investments in foreign countries.
- This includes not only exports but also other sources of income such as dividends, interest, and remittances.
Profit earned by non-resident company in India is a part of domestic income of India
- Any profit earned by a non-resident company in India is considered a part of India's domestic income.
- This income contributes to the overall economic activity within the country and is included in the calculation of national income.
Therefore, option B is correct as it accurately describes the components of national income and factor revenue from overseas.
Net factor revenue from overseas includes money from Exports
- Net factor revenue from overseas refers to the income earned by residents of a country from their investments in foreign countries.
- This includes not only exports but also other sources of income such as dividends, interest, and remittances.
Profit earned by non-resident company in India is a part of domestic income of India
- Any profit earned by a non-resident company in India is considered a part of India's domestic income.
- This income contributes to the overall economic activity within the country and is included in the calculation of national income.
Therefore, option B is correct as it accurately describes the components of national income and factor revenue from overseas.
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Identify the correct statement from the following:A. The Household’s inv esting is not considered to be the cost of building a residenceB. Net factor revenue from overseas includes money from ExportsC. The sum of factor incomes equals the net value addedD. The assessment of national income takes into account the market value of both final and intermediate itemsE. Profit earned by non-resident company in India is a part of domestic income of IndiaChoose the correct answer from the options given below:a)A, D onlyb)B, E onlyc)D, E onlyd)C, E onlyCorrect answer is option 'B'. Can you explain this answer?
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Identify the correct statement from the following:A. The Household’s inv esting is not considered to be the cost of building a residenceB. Net factor revenue from overseas includes money from ExportsC. The sum of factor incomes equals the net value addedD. The assessment of national income takes into account the market value of both final and intermediate itemsE. Profit earned by non-resident company in India is a part of domestic income of IndiaChoose the correct answer from the options given below:a)A, D onlyb)B, E onlyc)D, E onlyd)C, E onlyCorrect answer is option 'B'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Identify the correct statement from the following:A. The Household’s inv esting is not considered to be the cost of building a residenceB. Net factor revenue from overseas includes money from ExportsC. The sum of factor incomes equals the net value addedD. The assessment of national income takes into account the market value of both final and intermediate itemsE. Profit earned by non-resident company in India is a part of domestic income of IndiaChoose the correct answer from the options given below:a)A, D onlyb)B, E onlyc)D, E onlyd)C, E onlyCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Identify the correct statement from the following:A. The Household’s inv esting is not considered to be the cost of building a residenceB. Net factor revenue from overseas includes money from ExportsC. The sum of factor incomes equals the net value addedD. The assessment of national income takes into account the market value of both final and intermediate itemsE. Profit earned by non-resident company in India is a part of domestic income of IndiaChoose the correct answer from the options given below:a)A, D onlyb)B, E onlyc)D, E onlyd)C, E onlyCorrect answer is option 'B'. Can you explain this answer?.
Identify the correct statement from the following:A. The Household’s inv esting is not considered to be the cost of building a residenceB. Net factor revenue from overseas includes money from ExportsC. The sum of factor incomes equals the net value addedD. The assessment of national income takes into account the market value of both final and intermediate itemsE. Profit earned by non-resident company in India is a part of domestic income of IndiaChoose the correct answer from the options given below:a)A, D onlyb)B, E onlyc)D, E onlyd)C, E onlyCorrect answer is option 'B'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Identify the correct statement from the following:A. The Household’s inv esting is not considered to be the cost of building a residenceB. Net factor revenue from overseas includes money from ExportsC. The sum of factor incomes equals the net value addedD. The assessment of national income takes into account the market value of both final and intermediate itemsE. Profit earned by non-resident company in India is a part of domestic income of IndiaChoose the correct answer from the options given below:a)A, D onlyb)B, E onlyc)D, E onlyd)C, E onlyCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Identify the correct statement from the following:A. The Household’s inv esting is not considered to be the cost of building a residenceB. Net factor revenue from overseas includes money from ExportsC. The sum of factor incomes equals the net value addedD. The assessment of national income takes into account the market value of both final and intermediate itemsE. Profit earned by non-resident company in India is a part of domestic income of IndiaChoose the correct answer from the options given below:a)A, D onlyb)B, E onlyc)D, E onlyd)C, E onlyCorrect answer is option 'B'. Can you explain this answer?.
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ample number of questions to practice Identify the correct statement from the following:A. The Household’s inv esting is not considered to be the cost of building a residenceB. Net factor revenue from overseas includes money from ExportsC. The sum of factor incomes equals the net value addedD. The assessment of national income takes into account the market value of both final and intermediate itemsE. Profit earned by non-resident company in India is a part of domestic income of IndiaChoose the correct answer from the options given below:a)A, D onlyb)B, E onlyc)D, E onlyd)C, E onlyCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Humanities/Arts tests.
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