Discuss the concept of factor income and transfer income with the help of examples.

RADHA BHUGANA-NATIONAL INCOME AND RELATED AGGREGATES : SOME BASIC CONCEPTS-LONG ANSWER TYPE QUESTION

1. Discuss the concept of factor income and transfer income with the help...

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2. Briefly discuss the concept of normal residents.

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3. Define domestic territory.

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4. Distinguish between market price and factor cost.

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5. Define gross investment.

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6. Differentiate between consumer goods and capital goods.

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