If Eddie travels to New Zealand, his lodging and meals will be accounted for as a(n) _____ account.

Name: If Eddie travels to New Zealand, his lodging and meals will be accounted for as a(n) _____ account.
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Question

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When Eddie travels to New Zealand and spends money on lodging and meals, it is considered a service import. This expenditure is recorded as a subtraction from the U.S. current account, reflecting money leaving the U.S. economy to pay for services in another country.

If Eddie Travels to New Zealand, His Lodging and Meals