1.

Give the meaning of factor income to abroad and factor income from abroad. Also give an example of each. 

Answer»
Factor Income from abroadFactor income to abroad
Income earned by all the residents of a country from rest of the world in the form of rent, interest, wages & profits.Income remitted by all the non residents living in the country to rest of the world in the form of rent, interest, wages & profits,
Salaries of Indian employees working in the US embassy located in India. Salaries of an American working at Indian embassy located in USA.



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