Which of the following will be included in the services account of a country?
A) Imports of goods from a foreign country
B) Gifts to the residents of a foreign country
C) Exports of goods to a foreign country
D) Purchase of land in a foreign country
E) Transportation costs involved in international travel

Question

Quizplus · Accepted Answer

The services account of a country includes transactions related to international services such as transportation, tourism, telecommunications, and financial services. Transportation costs involved in international travel fall under this category, as they are services provided to or purchased by residents from foreign entities.

Which of the Following Will Be Included in the Services