Question

Which of the following is included in the income payments component of the current account?

Select all that apply:

payments that government, private charities, or individuals make in which they send money abroad without receiving any direct good or service

money that U.S. financial investors received on their foreign investments and payments to foreign investors who had invested their funds here

payments for goods and services that are imported and receipts of payments for goods and services that are exported

none of the above

Answer 1

Factors included in the income payments component of the current account are:

1. Payments that government, private charities or individuals make in which they send money abroad without receiving any direct good or service.

2. Money that U. S financial investors received on their foreign investments and payments to foreign investors who had invested their funds here.

3. Payments for goods and services that are imported and receipts of payments for goods and services that are exported.