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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 - Economics

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

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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

Concept: Gross and Net Domestic Product (GDP and NDP)
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