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Ingy_ Ingy_
wrote...
Posts: 514
5 years 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.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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cooldawg69cooldawg69
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Posts: 376
5 years ago
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