A U.S.citizen's income from investment in foreign countries is _____ in the U.S.current account.
A)recorded as a deficit
B)recorded as a surplus
C)recorded as a debit
D)recorded as a credit
E)not recorded

Question

Quizplus · Accepted Answer

Income from investment in foreign countries is recorded in the U.S. current account as a credit because it represents an inflow of foreign earnings to the U.S. The current account includes all transactions of goods and services, income flows, and unilateral transfers between the U.S. and foreign countries. Income from investments is classified under the income flows section of the current account.

A UScitizen's Income from Investment in Foreign Countries Is _____ in in the U.S.current