Net Factor Income from Abroad Solution

STEP 0: Pre-Calculation Summary
Formula Used
Net Factor Income from Abroad = Net Compensation of Employees+Net Income from Property and Entrepreneurship+Net Retained Earnings
NFIA = NCE+NIpe+Nre
This formula uses 4 Variables
Variables Used
Net Factor Income from Abroad - Net Factor Income from Abroad is the difference between the factor income earned by a country from abroad and factor income paid by a country abroad.
Net Compensation of Employees - Net Compensation of Employees is the difference between income received by a resident worker staying abroad and a non resident worker staying domestically for less than one year.
Net Income from Property and Entrepreneurship - Net Income from Property and Entrepreneurship is the difference between income received from property and entrepreneurship by the residents of a country.
Net Retained Earnings - Net Retained Earnings refers to that part of the profit which is kept aside as a reserve for the future after payment of corporate tax and dividends.
STEP 1: Convert Input(s) to Base Unit
Net Compensation of Employees: 590 --> No Conversion Required
Net Income from Property and Entrepreneurship: 200 --> No Conversion Required
Net Retained Earnings: 450 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
NFIA = NCE+NIpe+Nre --> 590+200+450
Evaluating ... ...
NFIA = 1240
STEP 3: Convert Result to Output's Unit
1240 --> No Conversion Required
FINAL ANSWER
1240 <-- Net Factor Income from Abroad
(Calculation completed in 00.004 seconds)

Credits

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20 Macroeconomics Calculators

Operating Surplus
Go Operating Surplus = Value of Output-Intermediate Consumption-Compensation of Employees-Mixed Income-Consumption of Fixed Capital-Net Indirect Taxes
Components of Aggregate Demand
Go Components of Aggregate Demand = Private Consumption Expenditure+Investment Expenditure+Government Expenditure+Net Exports
Real Effective Exchange Rate
Go Real Effective Exchange Rate = (Consumer Price Index of Domestic Nation*Nominal Effective Exchange Rate)/Consumer Price Index of Foreign Country
Net Factor Income from Abroad
Go Net Factor Income from Abroad = Net Compensation of Employees+Net Income from Property and Entrepreneurship+Net Retained Earnings
National Disposable Income
Go National Disposable Income = National Income+Net Indirect Taxes+Net Current Transfers from the Rest of the World
Gross Domestic Product at Factor Cost
Go Gross Domestic Product at Factor Cost = Gross Domestic Product at Market Price+Subsidies-Indirect Taxes
Change in Money Supply
Go Change in Money Supply = (1/Required Reserve Ratio)*Change in Bank Reserves-(Initial Deposit Amount)
Personal Disposable Income
Go Personal Disposable Income = Personal Income-Personal Taxes-Miscellaneous Receipts of Government
Life Expectancy
Go Life Expectancy = Current Age of the Individual+Average Life Expectancy-Adjustment Factor
Private Final Consumption Expenditure
Go Private Final Consumption Expenditure = Household Final Consumption Expenditure+Non Profit Private Institutions FCE
Gross National Product at Market Price
Go Gross National Product at Market Price = Gross Domestic Product at Factor Cost+Net Factor Income from Abroad
Net Domestic Product at Factor Cost
Go Net Domestic Product at Factor Cost = Net Domestic Product at Market Price-Net Indirect Taxes
Net Domestic Product at Market Price
Go Net Domestic Product at Market Price = Gross Domestic Product at Market Price-Depreciation
Growth Rate of Money Supply
Go Growth Rate of Money Supply = Rate of Inflation+Growth Rate of Real Gross Domestic Product
Real Gross Domestic Product Per Capita
Go Real Gross Domestic Product Per Capita = Real Gross Domestic Product/Total Population
Expenditure Multiplier
Go Expenditure Multiplier = Initial Consumer Price Index/Change in Government Spending
Gross National Disposable Income
Go Gross National Disposable Income = Net National Disposable Income+Depreciation
Velocity of Money
Go Velocity of Money = Nominal Gross Domestic Product/Money Supply
Real Wage
Go Real Wage = Nominal Wage/Consumer Price Index
Simple Deposit Multiplier
Go Simple Deposit Multiplier = 1/Required Reserve Ratio

Net Factor Income from Abroad Formula

Net Factor Income from Abroad = Net Compensation of Employees+Net Income from Property and Entrepreneurship+Net Retained Earnings
NFIA = NCE+NIpe+Nre

What do you mean by Net Factor Income from Abroad ?

Net Factor Income from Abroad is the difference between the domestic income and national income of an economy. Factor income from abroad is the income earned by a country’s normal residents from the rest of the world for the factor services provided by them. The income is earned in the form of rent, wages, interest, salaries, dividends and retained earnings. However, factor income to abroad is the income paid by a country’s residents to the residents of other countries (i.e., non-residents of the former country) for the factor services given by them within the economic territory.

How to Calculate Net Factor Income from Abroad?

Net Factor Income from Abroad calculator uses Net Factor Income from Abroad = Net Compensation of Employees+Net Income from Property and Entrepreneurship+Net Retained Earnings to calculate the Net Factor Income from Abroad, Net Factor Income from Abroad is a concept used in macroeconomics to measure the difference between income earned by residents of a country from their investments and work in abroad and the income earned by non residents from their investments and work within the country. Net Factor Income from Abroad is denoted by NFIA symbol.

How to calculate Net Factor Income from Abroad using this online calculator? To use this online calculator for Net Factor Income from Abroad, enter Net Compensation of Employees (NCE), Net Income from Property and Entrepreneurship (NIpe) & Net Retained Earnings (Nre) and hit the calculate button. Here is how the Net Factor Income from Abroad calculation can be explained with given input values -> 1240 = 590+200+450.

FAQ

What is Net Factor Income from Abroad?
Net Factor Income from Abroad is a concept used in macroeconomics to measure the difference between income earned by residents of a country from their investments and work in abroad and the income earned by non residents from their investments and work within the country and is represented as NFIA = NCE+NIpe+Nre or Net Factor Income from Abroad = Net Compensation of Employees+Net Income from Property and Entrepreneurship+Net Retained Earnings. Net Compensation of Employees is the difference between income received by a resident worker staying abroad and a non resident worker staying domestically for less than one year, Net Income from Property and Entrepreneurship is the difference between income received from property and entrepreneurship by the residents of a country & Net Retained Earnings refers to that part of the profit which is kept aside as a reserve for the future after payment of corporate tax and dividends.
How to calculate Net Factor Income from Abroad?
Net Factor Income from Abroad is a concept used in macroeconomics to measure the difference between income earned by residents of a country from their investments and work in abroad and the income earned by non residents from their investments and work within the country is calculated using Net Factor Income from Abroad = Net Compensation of Employees+Net Income from Property and Entrepreneurship+Net Retained Earnings. To calculate Net Factor Income from Abroad, you need Net Compensation of Employees (NCE), Net Income from Property and Entrepreneurship (NIpe) & Net Retained Earnings (Nre). With our tool, you need to enter the respective value for Net Compensation of Employees, Net Income from Property and Entrepreneurship & Net Retained Earnings and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
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