Question : When calculating national income, which of the following is considered part of the domestic territory?
Option 1: Foreign embassies within the country
Option 2: International airports located in the country
Option 3: Offshore oil rigs owned by domestic companies
Option 4: Foreign military bases within the country
Correct Answer: Offshore oil rigs owned by domestic companies
Solution : The correct answer is (c) Offshore oil rigs owned by domestic companies
Offshore oil rigs owned by domestic companies are considered part of the domestic territory when calculating national income. Although they are located in offshore waters, if they are owned by domestic companies, the income generated from their operations is included in the calculation of national income.
Question : Which of the following should be included in national income or domestic income?
Question : The sum total of all the factor income and within the domestic territory of a country is known as ___________________.
Question : Which of the following represents the income earned by foreign factors of production located within a country?
Question : Which of the following is NOT considered a normal resident when calculating national income?
Question : Transfer income is a part of __________________.
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