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State the meaning of ‘normal resident’ of a country. - Economics

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State the meaning of ‘normal resident’ of a country.

What do you understand by “normal residents” of a country?

Short Answer
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Solution

A normal resident of a nation is defined as:

  1. Someone who has lived in a country for more than a year. He might or might not be a citizen of the country.
  2. His economic interests should be located there, or his economic activities (production, consumption, and investment) should be located there.
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Chapter 22: Model Short Answer Questions - MODEL SHORT ANSWER QUESTIONS [Page 491]

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Frank Economics [English] Class 12 ISC
Chapter 22 Model Short Answer Questions
MODEL SHORT ANSWER QUESTIONS | Q 267. | Page 491
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