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How Will You Treat the Following While Estimating Domestic Product of a Country? Give Reasons for Your Answer: Profits Earned by Branches of Country'S Bank in Other Countries - CBSE (Arts) Class 12 - Economics

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Question

How will you treat the following while estimating domestic product of a country? Give reasons for your answer:

Profits earned by branches of country's bank in other countries

Solution

Profits earned by branches of country's bank in other countries are not included in the estimation of national income because of the branches of country's bank in other countries are outside the domestic territory

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Solution How Will You Treat the Following While Estimating Domestic Product of a Country? Give Reasons for Your Answer: Profits Earned by Branches of Country'S Bank in Other Countries Concept: Gross and Net Domestic Product (GDP and NDP).
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