Which is not included in the private income arising in a

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Which is not included in the private income arising in a country ?

1. Factor income from net domestic product
2. Net factor income from abroad
3. Current transfers from Government
4. Current payments on foreign loans

Correct Option: D

Private income is either: any type of income received by a private individual or household, often derived from occupational activities, or income of an individual that is not in the form of a salary (e.g. income from investments). Private Income= Part of NDP accruing to private sector + Net factor Income from Abroad + Current Transfer from Government + Net Current Transfer from Rest of World + Interest on Public Debt.