GNP,NDP, NNP, NFIA, NIT, Depreciation, Normal Resident

Normal Residents

Determine the missing items in the following cases : (i) GNP_(FC) = GNP_(MP) - ? (ii) ? = National Income - Domestic Income (iii) GDP_(FC) = ? + Depreciation (iv) NDP_(FC) = ? - Depreciation - Net Indirect Tax

Briefly discuss the concept of normal residents.

Consider the following statements relating to estimation of National Income: 1. Foreigners working in Indian Embassies are normal residents of India. 2. Foreigners working in the office of WHO, World Bank, UNO etc. located in India are not normal residents of India. 3. Indians working in foreign embassies in India are not normal residents of India. Which of the statements given above is/are correct?