Mention the situations in which following equations will hold true:
(i) National Income = Domestice Income
(ii) `GDP_(FC) gt GDP_(MP)`
(iii) `NNP_(FC) lt NDP_(FC)`
(iv) `GDP_(FC) = GDP_(MP)`
(v) Domestic Income is greater than National Income.

Answer

(i) When net factor income from abroad is zero.
(ii) When subsidies are more than indirect taxes.
(iii) When factor income paid abroad is more than factor income received from abroad.
(iv) When net indirect taxes is zero.
(v) When net factor income from abroad is negative.