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Home › CBSE Class 12 (Arts) › Economics › Open Economy Macroeconomics › Net international earnings on labour, land and c…

Net international earnings on labour, land and capital are called what?

ATransfer income
BNon-factor income
CTrade balance
DFactor income
Answer & Solution
Correct answer: D. Factor income
Factor income is the net earnings from owning factors of production across borders.
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