Economics · National Income Accounting
Which of the following is correct regarding Private Income?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Private Income = Factor income from net domestic product accruing to the private sector – National debt interest + Net factor income from abroad + Current transfers from government + Other net transfers from the rest of the world
- 2Private Income = Factor income from net domestic product accruing to the private sector + National debt interest + Net factor income from abroad + Current transfers from government + Other net transfers from the rest of the world✓
- 3Private Income = Factor income from net domestic product accruing to the private sector + National debt interest + Net factor income from abroad – Current transfers from government + Other net transfers from the rest of the world
- 4Private Income = Factor income from net domestic product accruing to the private sector + National debt interest – Net factor income from abroad + Current transfers from government + Other net transfers from the rest of the world
Correct answer
Private Income = Factor income from net domestic product accruing to the private sector + National debt interest + Net factor income from abroad + Current transfers from government + Other net transfers from the rest of the world
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