Which of the following would be recorded in the U.S. goods export account?

Question

Quizplus · Accepted Answer

The U.S. goods export account records the value of goods (tangible items) that are produced domestically and sold to foreign countries. The purchase of a new jet fighter aircraft from the Boeing Company in the United States by France is a tangible item that is produced domestically and sold to a foreign country, thus it would be recorded in the U.S. goods export account.

The other choices are not recorded in the U.S. goods export account because:
A) Harry's vacation spending is a personal transaction and not a business transaction that involves the exchange of tangible goods.
B) The purchase of a grinder made in Italy by a machine shop in Ohio is a tangible item that is produced outside of the United States and imported into the country, and thus would be recorded in the U.S. goods import account.
C) Martha's dividend check is an income payment from a foreign business and not a transaction involving the exchange of tangible goods.
D) The government subsidizing American farmers for planting corn for export is a payment by the government to American farmers and not a transaction involving the exchange of tangible goods.

Which of the Following Would Be Recorded in the U