Economics · Economy
Given below are two statements, one labelled as Assertion (A) and the other as Reason (R): Assertion (A): Net Export is a part of Net Factor Income from abroad. Reason (R): Net Factor Income from abroad is the difference between income earned from abroad by normal residents of a country and income earned by non-residents in the domestic territory of that country. Choose the correct answer using the codes given below:
- 1(A) is false but (R) is true✓
- 2(A) is true but (R) is false
- 3Both (A) and (R) are true and (R) is not the correct explanation of (A)
- 4Both (A) and (R) are true and (R) is the correct explanation of (A)
Correct answer
(A) is false but (R) is true
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