National income refers to:

All of the above

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Factor incomes only

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Income of only normal residents of the country

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The sum total of domestic income and net factor income from abroad

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Solution

The correct option is A
All of the above

National income refers to all the given options.

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Similar questions

Domestic income, as well as national income, include only factor incomes.

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(i) GDP at MP (ii) Indirect Taxes (iii) Factor income from abroad (iv) Consumption of Fixed Capital (v) Factor income to abroad (vi) Subsidies	70,150 5,200 800 3,100 300 4,000

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