Question

Export reciepts are not a part of net factor income from abroad.why?

Answer 1

net factor income is the difference between export and import.it is a part of net income from abroad along with import. there is no country in the world who only imports,all countries exports and imports various goods and services

Answer 2

Answer:

➡ since exported goods and services are produced in domestic territory of a country, therefore, export of goods and services is a part of gross domestic product (GDP). Export receipts are not 'net factor income from abroad' as they are revenue of the firms from sale of their products..