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When will the...

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When will the domestic income exceed the national income?

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Solution

When the net factor income from abroad is negative.

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Q. Mention the situation in which following equations will hold true:
(i) National Income

=

Domestic Income
(ii)

G D P_{F C} > G D P_{M P}

N N P_{F C} < N D P_{F C}

G D P_{F C} = G D P_{M P}

(v) Domestic Income is greater than National Income.

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