(Solved):Q: All of the follo…

Question:

Question

All of the following are part of the current account EXCEPT ________.

A)  U.S. unilateral transfers

B)  U.S. private assets

C)  income payments on foreign assets in the U.S.

D)  income receipts on U.S. assets abroad

Expert Answer:

Step 1

In the Balance of Payments computation for a country, its current account balance includes trade balance, unilateral transfers, financial payments and receipts. Trade

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