How should the following be treated while calculating national income ? Give reasons for your answer.
How should the following be treated while calculating national income ? Give reasons for your answer.
(i) Profits earned by a branch of foreign bank in India.
(ii) Salary received by Indian employees working in American embassy in India.
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(i) It is factor income to abroad, so it is not included.
(ii) It is included as factor income from abroad.
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