Question

What do you mean by net factor income from abroad

Answer 1

The net foreign factor income (NFFI) is the difference between a nation’s gross national product (GNP) and gross domestic product(GDP). Net foreign factor income (NFFI) is the difference between the aggregate amount that a country’s citizens and companies earn abroad, and the aggregate amount that foreign citizens and overseas companies earn in that country. 

Answer 2

net factor income from abroad (NFIA) refers to the difference between the factor income received from the rest of the world and the factor in compared to the rest of the world

NFIA= factor income earned from abroad- factor income paid to abroad.

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