Who are the normal residents of the country?

CA Foundation · Business Economics · MTP · September 2024
Who are the normal residents of the country?
(A) A. A resident who has own house in that country
(B) B. A resident with a bank account in that country
(C) C. Ordinary residents with economic interest lying in that country
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Ordinary residents with economic interest lying in that country

Topics: Determination of National Income

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