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Posts: 165
2 months ago
Which of the following statements is TRUE about the role of gifts given to U.S. citizens from foreign residents?

• Gifts are only included in the balance of payments if the gift is given to a government official.

• Gifts given to U.S. citizens are not included in the balance of payments but gifts given to foreigners are included.

• Gifts are included in the balance of payments.

• Gifts are not included in the balance of payments because of the nature of the gift.
Source  Download
Economics Today: The Micro View
Edition: 19th
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2 months ago
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Gifts are included in the balance of payments.
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