Answered: The value of net factor income from…

The value of net factor income from abroad is $900 million and the value of national income is $5000 million Calculate the value of NDPFC

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter17: Inflation

Section: Chapter Questions

Problem 9SQ

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Question

The value of net factor income from abroad is $900 million and the value of national income is $5000 million

Calculate the value of NDP_FC

Definition Definition Monetary value of all goods and services produced in an economy during a financial year. National income also refers to the total income earned by the factors of production during a financial year.

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