National Income...

Which method of inventory valuation helps in reducing the burden of income tax in times of rising prices?

Which one out of the following is not an inventory valuation method?

The national income of a country for a given period is equal to the _____________________.

A higher inventory ratio indicates ____________.

Other things remaining the same, when in a country the market price of foreign currency falls, national income is likely :
(Choose the correct alternative)

National income is the sum of factor incomes accuring to :
(Choose the correct alternatives )

What is/are the components of net factor income from abroad?

Net factor income from abroad (NFAI) = National income - _________. 

_________ refers to net market value of all final goods and services produced within the domestic territory of a country during a period of one year.

___________________ refers to the difference between factor income received from the rest of the world and factor income paid to the rest of the world.