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Income and Expenditure Account

Factor remune...

Question

Factor remunerations are the payments made by the consumer to purchase services from a firm.

A

True

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B

False

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Solution

The correct option is B False
Factor remuneration refers to the payments which are done by the production sector to the private sector for hiring factor service i.e. capital, labour, land, and entrepreneurship in the form of interest, wages, rent, and profits respectively.

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