Net Foreign Factor Income Is The

question 77

Multiple Choice

Net foreign factor income is the:

• A)income earned from the domestic economy by foreign factors.
• B)income earned abroad by domestic factors.
• C)difference between the income earned abroad by domestic factors and the income earned domestically by foreign factors.
• D)difference between the value of a country's exports and imports.

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Definitions:

Book Value

The net value of a company's assets, subtracting liabilities from the total assets; also refers to the value of an asset as per accounting records.

Natural Resources

Materials or substances such as forests, minerals, and water that occur in nature and can be used for economic gain.

Standing Timber

Trees that are still standing and have not yet been harvested, often considered as an asset.

Mineral Deposits

Concentrations of minerals within the Earth's crust that can be extracted and processed into valuable materials.