Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

A person who stay in a country at least for one year and whose economic interest lies in that country is called as:

Options:

Non-Resident

Normal Resident

Normal Citizen

Domestic Citizen

Correct Answer:

Normal Resident

Explanation:

A normal resident is said to be a person or an institution who ordinarily resides or is located in a country and whose centre of economic interest lies in that country. Thus, there are two conditions to become a normal resident of a country i.e. the stay in the country should be more than a year and interest of staying in that country should be economic. (The resident carries out the basic economic activities of earnings, spending and accumulation from that location)