what is the difference between net exports and net factor income from abroad?

Dear Student

Difference between net exports and net factor income from abroad ( NFIA):

1) Net exports refers to the difference between exports and imports. While net factor income from abroad is the difference between factor income from abroad and factor income to abroad.

2) Net exports is a domestic concept while NFIA is a national concept.

3) Net exports includes non- factor services while NFIA includes only factor services.

Regards

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