Answer to Question #86172 in Macroeconomics for Ana

Question

Classify the following examples as either an export of a good or service, import of a good or service, primary income payment, primary income receipt, or unilateral transfer, all from the perspective of the United States.
A) A U.S. investor earns a dividend from his investment in a British stock
B) A Canadian national living in the U.S. sends some money home to her family
C) A Japanese airline company purchases a new airplane from an American company D) An American construction company purchases lumber from a Canadian firm

Answer 1

A.   Primary income receipt.

B.    Primary income payment.

C.    Export of a good.

D.   Import of goods.