With respect to balance of payments calculation, when a German tourist visits the United States and spends money on meals and lodging, it is a(n) ___________ to the U.S.trade in services balance.
A)debit
B)credit
C)convertible
D)exchange interest factor
E)non-entity

Question

Quizplus · Accepted Answer

When a German tourist spends money on meals and lodging in the United States, it is considered an export of services from the U.S. perspective. Therefore, it is recorded as a credit in the U.S. trade in services balance, as it represents income coming into the country.

With Respect to Balance of Payments Calculation, When a German