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True, It is the demand by foreign countries for goods purchased within the domestic territory of the country. Explanation:- Goods exported are produced within the domestic territory of the country. Thus it is the domestic production.

False, Imports are considered as a negative item in the estimation of domestic income as imports are expenditure on the goods produced abroad and not an item of expenditure on domestically produced goods.

Solution:- Capital Employed = Shareholders Funds + Long-term Debts Capital Employed = ₹ 10,00,000 + ₹ 20,00,000 Capital Employed = ₹ 30,00,000 Gross Profit = 20 % on cost ₹ 20,00,000 = 20% on Cost Cost of Revenue from operation…

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