Question : ________________ is the amount paid to factors of production for their contribution in the production process.
Option 1: Factor cost
Option 2: Market price
Option 3: Net factor income from abroad
Option 4: Net factor income to abroad
Correct Answer: Factor cost
Solution :
Question : __________________ is the price for which product is actually sold in the market.
Question : ________________ is the difference between factor income received from rest of the world and factor paid to rest of the world.
Question : National Income is also called as :
Question : Factor cost + ________________________ = Market price.
Question : Which of the following is the correct sequence of national income from broader to narrower concepts?
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