CBSE Class 12-commerce Answered
What is the difference between domestic income (NDPFC)
and national income (NNPFC) in terms of factor incomes?
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
Expert Answer
Domestic Income (NDPFC) |
Factor Income (NNPFC) |
Domestic income is the sum total of factor incomes generated within the domestic territory of a country no matter who generates this income either residents or non-residents. |
Factor income is the sum total of factor incomes generated by residents of a country, no matter where this income is generated either with in the domestic territory or in rest of the world. |
It does not include net factor income from abroad. |
It includes net factor income from abroad. |
Answered by | 15 Apr, 2016, 04:30: PM
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