Indian official working in indian embassy in USA is a part of domestic territory of India as well as a normal resident of india hence his income will be included in domestic income
US official working in indian embassy in USA is a part of domestic territory of India but he is NOT a normal resident of India hence his income will be included in NET FACTOR INCOME TO ABROAD
AM I CORRECT????
Dear student,
The explanation provided by you is correct. The concept of domestic territory and domestic income is explained in detail in our study material. You can view the same following the below mentioned link:
Class 12- Economics- Macroeconomics- National income accounting- Macroeconomics aggregates
The explanation provided by you is correct. The concept of domestic territory and domestic income is explained in detail in our study material. You can view the same following the below mentioned link:
Class 12- Economics- Macroeconomics- National income accounting- Macroeconomics aggregates