Expenditures by U.S. tourists in foreign countries for foreign goods or services are factored into BOP calculations.
A)True
B)False

Question

Quizplus · Accepted Answer

Expenditures by U.S. tourists in foreign countries for foreign goods or services are considered as a part of the current account in the balance of payments (BOP) and are factored into BOP calculations. It includes expenses on hotels, meals, souvenirs, transportation, and other services. Therefore, Option A is correct, and Option B is incorrect.