Question

What is NFIA? Explain its component?​

Answer 1

Answer:

NFIA = Factors income earned from abroad by residents - Factor income of non-residents in domestic territory. The normal residents of a country earn factor income not only within the domestic territory of a country but outside it also.

. 'Factor income from abroad' is the income earned by the normal residents of a country from the rest of the world (ROW) in the form of wages and salaries, rent, interest, dividend and retained earnings.

Answer 2

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NFIA = Factor income earned from abroad – Factor income paid abroad. 'Factor income from abroad' is the income earned by the normal residents of a country from the rest of the world (ROW) in the form of wages and salaries, rent, interest, dividend and retained earnings.'