Statement 1: Net Exports is a Domestic Concept
Statement 1: Net Exports is a Domestic Concept.
Statement 2: Net Exports includes non-factor services like banking and shipping.
Alternatives:
(a) Both the Statements are true
(b) Both the Statements are false
(c) Statement 1 is true and Statement 2 is false
(d) Statement 2 is true and Statement 1 is false
Anurag Pathak Changed status to publish December 10, 2023
Ans – (a)
Explanation:-
Net Exports is a domestic concept because exports are a part of domestically produced goods and services, nad are only sold outside the country.
Yes exports include factor and non factor services as banking and shipping.
Both statement 1 and 2 are true.
Anurag Pathak Changed status to publish December 10, 2023
