Which of the following is an item in Australia's financial account?
A) Net secondary income
B) Net primary income
C) Net exports of goods and services
D) The change in private Australian assets abroad

Question

Quizplus · Accepted Answer

The item in Australia's financial account is the change in private Australian assets abroad. This represents the investment made by Australians in foreign countries and the assets they own abroad, such as stocks, bonds, and real estate. The other options mentioned are components of Australia's current account, which includes trade in goods and services, primary incomes (wages, interest, etc.) and secondary incomes (remittances, aid, etc.).

Which of the Following Is an Item in Australia's Financial