Classify the following as a transaction reported in a sub-component of the current accountor the capital and financial accounts of the two countries involved: i. A group of Japanese tourists pay for their hotel stay in Australia. ii. An Australian investor purchases 100% shares of a U.S. company. iii. A U.K. student residing in Australia buys a laptop from an Australian retailer. iv. An Indian retailer imports vegetable oilfrom anAustralian firm.
Classify the following as a transaction reported in a sub-component of the current accountor the capital and financial accounts of the two countries involved: i. A group of Japanese tourists pay for their hotel stay in Australia. ii. An Australian investor purchases 100% shares of a U.S. company. iii. A U.K. student residing in Australia buys a laptop from an Australian retailer. iv. An Indian retailer imports vegetable oilfrom anAustralian firm.
Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter31: Open-Economy Macroeconomics: Basic Concepts
Section: Chapter Questions
Problem 4PA
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Classify the following as a transaction reported in a sub-component of the current accountor the capital and financial accounts of the two countries involved: i. A group of Japanese tourists pay for their hotel stay in Australia. ii. An Australian investor purchases 100% shares of a U.S. company. iii. A U.K. student residing in Australia buys a laptop from an Australian retailer. iv. An Indian retailer imports vegetable oilfrom anAustralian firm.
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