All of the following are included in the balance of payments except
A) money paid for imports.
B) money paid by domestic corporations for taxes.
C) money spent by tourists.
D) money spent on foreign aid.
E) money paid for exports.

Question

Quizplus · Accepted Answer

The balance of payments includes all economic transactions between a country and the rest of the world. This includes money spent on imports, money earned from exports, money spent by tourists, and money spent on foreign aid. However, money paid by domestic corporations for taxes is not included in the balance of payments as it is a domestic transaction and does not involve foreign entities.

All of the Following Are Included in the Balance of Payments