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Question : 2
Total: 6
Distinguish between net export and net factor income from abroad.
Solution:
Net exports refers to the difference between exports and imports during an accounting year whereas Net factor income from abroad refers to the difference between factor income to abroad.
Net exports= X − M
Net factor Income from abroad = Factor Income from abroad and Factor Income to abroad.
Net exports
Net factor Income from abroad = Factor Income from abroad and Factor Income to abroad.
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