The term net unilateral transfers refers to:
A) income earned abroad by a nation's own workers minus income paid to foreign non-resident workers.
B) gifts, charitable contributions, and foreign aid.
C) gifts, charitable contributions, and aid to foreign residents minus the same types of transfers to residents of the home nation.
D) government subsidies to home corporations minus the same government subsidies to international corporations.
Correct Answer:
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Q1: The current account of the balance of
Q2: In national accounts data, which is the
Q4: Asset exports occur when domestic entities:
A) save
Q5: Gross national expenditure in a closed economy
Q6: Income paid to factors is called:
A) national
Q7: Net factor income from abroad is defined
Q8: When calculating GDP in an open economy,
Q9: In a closed economy, income generated from
Q10: In a closed economy in which no
Q11: In an open economy, GNI is equal
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