Mike lives and works as a musician in the United States.However,he sometimes plays in concerts in foreign countries.The money he earns from these concerts are considered ________ in the U.S.current account.

Question

Quizplus · Accepted Answer

The money Mike earns from playing concerts abroad is considered "factor payments from foreigners" because it is income earned by a U.S. resident from providing a service to foreigners.

Mike Lives and Works as a Musician in the United