What is the subcategory in the current account that indicates that the government of a country and other residents gave more money to foreign countries and residents as gifts and grants than the country itself received from abroad?

Question

Quizplus · Accepted Answer

Unilateral current transfers, net is the subcategory in the current account that indicates the balance of gifts and grants that a country has given or received from foreign countries and residents. If a country has given more money than it received from abroad, the balance is negative, and it will be reported as a debit item in the current account.

What Is the Subcategory in the Current Account That Indicates