Steve is a professor of economics at New York State University.He worked in India for a month.The income that he earned from India will be reported as ________ in the U.S.current account.

Question

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The income that Steve earned in India will be reported as a factor payment in the U.S. current account. Factor payments include income from foreign investments, such as profits, dividends, and wages earned by individuals working abroad.

Steve Is a Professor of Economics at New York State