Income that a nation earns from previous investments in foreign nations is included in its

Question

Quizplus · Accepted Answer

Income earned from investments in foreign nations is considered a part of a nation's current account, which includes transactions in goods, services, income, and current transfers. The capital account, on the other hand, includes capital transfers and the acquisition or disposal of non-produced, non-financial assets. The unilateral transfers account includes transfers of money or goods between nations without any corresponding flow of goods or services. The statistical errors account is a category used by statisticians to account for discrepancies in data reporting.

Income That a Nation Earns from Previous Investments in Foreign