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WAEC Economics 2009 Question 47

Question 47

International Trade

Expenditure by foreign tourists in a country will be recorded as

  1. A.invisible exports
  2. B.official transfers
  3. C.transfer income
  4. D.visible exports.
Show the answer and explanation

Answer: A (invisible exports)

Explanation

Tourists' spending pays for services, so it is an invisible export of the host country.