Positive net earnings from foreign transactions add to aggregate demand. (State with reasons whether you agree or disagree with the given statements)
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Explanation:
Net foreign factor income (NFFI) is the distinction between the aggregate quantity earned abroad by people and firms in a nation and the aggregate amount earned in that nation by foreign residents and overseas firms. NFFI in mathematical terms is = GNP-GDP.
Positive foreign earnings means that people's revenue increases. Aggregate demand is a direct function of overseas transaction net favorable earnings. The aggregate demand also rises as such revenue rises.
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