When calculating gross national income (GNI) in an open economy, we adjust gross national expenditure (GNE) by
a) adding exports and subtracting imports
b) adding net factor income from abroad (NFIA) and adding trade blance
c) adding net factor income from abroad
d) adding net factor income from abroad (NFIA) and adding net unilateral transfers (NUT)
Ans: b) adding net factor income from abroad (NFIA) and adding trade blance
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