Question

Phantom
@Phantom (Keep going | One step at a time !)

created post1 yesr(s) ago

Is remittance part of GNP ? Is it transfer payment ?

    Source : Vivek Sir's BookFactor income is basically the income earned by the four factors of production i.e. profit, rent, interest and wages but it does not include the transfer incomes/payments. Hence GNP is the sum of  GDP  and...