Other things remaining the same, what will be the effect of an increase in unilateral transfers from the rest of the world on a country's national income and its disposable income? Explain your answer.
JNU SSS 2016 Question 58: National income accounting
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National income accounting has come up 132 times in 6 exams since 2010.
What this question tests
This question is on GDP, GNP, NDP and national income, part of National income accounting in Macroeconomics.
Converting between GDP, GNP, net product and national income, and between market prices and factor cost.
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