Which of the following is correct regarding Net Factor Income from Abroad (NFIA)?
1
Net Factor income from abroad is the income earned by the residents of a country from the rest of the world.
2
Net Factor income from abroad is positive when income earned from abroad is less than income paid to abroad.
3
Net Factor income from abroad is negative in a closed economy.
4
Net Factor income from abroad is Zero when income earned from abroad is equal to income paid to abroad.