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    Principles of Macroeconomics Study Set 11
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    Exam 6: Measuring National Output and National Income
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    Explain What the Phrase "Net Factor Income to the Rest
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Explain What the Phrase "Net Factor Income to the Rest

Question 62

Question 62

Essay

Explain what the phrase "net factor income to the rest of the world" means and explain why this item is added when using the income approach to calculate GDP.

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These are payments of factor income to t...

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