____ represents aid, grants, and giFts from one country to another.

Question

Quizplus · Accepted Answer

Secondary income refers to aid, grants, and gifts from one country to another, whereas primary income represents income earned by individuals or companies in one country from investments made in other countries. The balance of trade and balance of payments include all transactions related to exports, imports, services, and financial flows, while the capital account represents capital transfers and acquisitions of non-produced, non-financial assets. Therefore, the most appropriate choice for this question is A) Secondary income.

____ Represents Aid, Grants, and GiFts from One Country to Another