Wages earned by a Haitian nanny that are sent home to support her own children in Haiti are still added to the U.S.current account because the services were rendered in the United States.
Correct Answer:
Verified
Q3: The sum of all of the balance
Q12: The current account is the same as
Q17: If the dollar appreciates in terms of
Q18: In the balance of payments accounts, the
Q33: The balance of trade is the difference
Q66: The current account summarizes the flow of
Q78: The real exchange rate is defined as
Q158: The nominal exchange rate may be considered
Q180: Currency fluctuations affect aggregate supply and demand.
Q186: Let the nominal exchange rate between the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents