Answer please The Question below
Homework Answers
Net factor income from the rest of the world is used to calculate GDP through the income approach method. Net factor income to the rest of the world depends on two factors, a. Net compensation of employees b. Net income from property and entrepreneurship.
Therefore,
GNP = Net factor income from abroad + GDP
-> GDP = National Income + Depreciation + (indirect taxes - subsidies) + Net factor income to the rest of the world + other. ( through Income approach)
-> Net factor income to the rest of the world = Foreigner's income - citizen's earning abroad.
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Answer please The Question below
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please help me these are linguistic question
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