Question
Which is not included in the private income arising in a country?
Answer: Option D
Answer: (d)
Private income arising in a country does not include current payments on foreign loans.
Private income includes any type of income received by a private individual or household, often derived from occupational activities, or income of an individual that is not in the form of a salary (e.g. income from investments).
Thus private income includes factor income from the net domestic product, net factor income from abroad & current transfers from the government.
Private income = Domestic product accruing to the private sector + Net factor income from abroad + Net other transfer income.
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Answer: (d)
Private income arising in a country does not include current payments on foreign loans.
Private income includes any type of income received by a private individual or household, often derived from occupational activities, or income of an individual that is not in the form of a salary (e.g. income from investments).
Thus private income includes factor income from the net domestic product, net factor income from abroad & current transfers from the government.
Private income = Domestic product accruing to the private sector + Net factor income from abroad + Net other transfer income.
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