All of the Following Are Included in the Balance of Payments

question 76

Multiple Choice

All of the following are included in the balance of payments except

• A) money paid for imports.
• B) money paid by domestic corporations for taxes.
• C) money spent by tourists.
• D) money spent on foreign aid.
• E) money paid for exports.

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Definitions:

Durable Goods

Products that are intended to last for a significant amount of time, such as appliances, cars, and furniture, as opposed to consumer goods which are consumed quickly.

Nondurable Goods

Products with a limited lifespan, intended for consumption or use over a short period, such as food or paper products.

Tangible Attributes

Physical features or characteristics of a product that can be directly perceived by the senses, such as size, shape, color, or weight.