Factor income
A)consists largely of interest,dividends,and other income on foreign investments.
B)is a theoretical construct of the factors of production,land,labor,capital,and entrepreneurial ability.
C)is generally a very minor part of national income accounting,smaller than the statistical discrepancy.
D)none of the options

Question

Quizplus · Accepted Answer

Factor income refers to the income earned by factors of production such as land, labor, and capital. In the context of national income accounting, the term is often used to refer specifically to the income earned by domestic factors of production from foreign sources. This can include interest, dividends, and other forms of income earned from foreign investments.

Factor Income