Asked by
Danny Coppinger
on Nov 26, 2024Verified
The current account on a nation's balance of payments statement includes all of the following except
A) the nation's goods exports.
B) the nation's goods imports.
C) net investment income.
D) net purchases of assets abroad.
Current Account
A component of a country's balance of payments that measures the trade of goods and services, investment income, and direct transfers with foreign entities.
Goods Exports
The act of selling and shipping goods from one country to another country.
Net Investment Income
The total income received from investment assets, after deducting all related expenses.
- Differentiate among various sections of the balance of payments statement, including the current account, capital account, and financial account.
Verified Answer
JJ
Learning Objectives
- Differentiate among various sections of the balance of payments statement, including the current account, capital account, and financial account.