Qualification > Commerce
ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
Freaked12:
Beef is a visible good
So its in the current account
Tourism is a invisible good so it must be recorded on the invisble good section.
Insurance is also a invisible good and it is recorded on the invisible service section
A is the answer because that is recorded on the Capital account of the BOP
BlackBunny103:
--- Quote from: Arsenal<3 on June 10, 2010, 05:33:25 pm ---Beef is a visible good
So its in the current account
Tourism is a invisible good so it must be recorded on the invisble good section.
Insurance is also a invisible good and it is recorded on the invisible service section
A is the answer because that is recorded on the Capital account of the BOP
--- End quote ---
Ah right, I didn't revise capital account, only learned current account. No wonder, thanxx a lot.
+rep Oops I already +rep Ben so I'll +rep to you later :D
elemis:
It wouldnt be D since tourism is a service that the country is exporting abroad to Italy.
A comes under Portfolio Investments in the Capital Account - obviously not in the current account. Hence its A :)
I'm not so sure about the explanation I gave regarding D but since A is DEFINITELY NOT recorded in the current a/c (as explained) I would choose A
Freaked12:
--- Quote from: Ari Ben Canaan on June 10, 2010, 05:35:30 pm ---It wouldnt be D since tourism is a service that the country is exporting abroad to Italy.
A comes under Portfolio Investments in the Capital Account - obviously not in the current account. Hence its A :)
I'm not so sure about the explanation I gave regarding D but since A is DEFINITELY NOT recorded in the current a/c (as explained) I would choose A
--- End quote ---
tourism is part of Current account Invisible section
elemis:
--- Quote from: Arsenal<3 on June 10, 2010, 05:37:58 pm ---tourism is part of Current account Invisible section
--- End quote ---
Cool, then my intuition was right ! ;D
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