Imagine you are trying to gather the information needed to calculate the balance of payments for an Eastern European country.To do your calculations, you would need to have information on all of the following EXCEPT:
A)foreign aid the country receives
B)military expenditures it makes in other countries
C)its imports and exports
D)its corporate tax rates
E)tourist spending in the country

Question

Quizplus · Accepted Answer

Corporate tax rates do not directly affect the balance of payments. The balance of payments is concerned with transactions between a country and the rest of the world, including trade in goods and services, cross-border investment flows, and financial transfers, but not domestic tax policies.

Imagine You Are Trying to Gather the Information Needed to Calculate