Question

What do you mean by NFIA?​

Answer 1

Answer:

Hope it helps u

Explanation:

NFIA: Net Factor Income from Abroad (NFIA): Significance and Components! It refers to the difference between factor income received from the rest of the world and factor income paid to the rest of the world.

Answer 2

NFIA is an abbreviated form of Net Factor Income from Abroad.

Explanation:

• NFIA stands for Net Factor Income from Abroad which is computed as the difference between the total net factor that is coming to the domestic economy from abroad and the net income that is going to abroad from the domestic economy.
• Some of the examples of factor income obtained or earned by the domestic economy from abroad includes dividends,interest payments,salaries,wages,rent etc. that are obtained or earned from abroad or all the foreign countries included.
• Now,alternatively,factor income that is going to abroad or other foreign countries from domestic economy includes rents,dividends,income,interest payment ,salaries,wages etc. paid by the domestic economy to the foreign countries or abroad.
• Hence,NFIA indicates the net factor income that is left with the domestic economy after obtained all the factor income from the foreign countries and abroad and paying off all the factor income to the foreign countries or abroad that is was liable for.