Question 1
A nation's balance of payments is the record of all economic transactions between its residents and the rest of the world. It includes the following
except:
◦ the current account.
◦ the financial account.
◦ the gross domestic account.
◦ the capital account.
Question 2
The three major economic impacts of tourism are:
◦ employment, income, and foreign exchange earnings.
◦ invisible exports, balance of payments, and economic growth.
◦ income, demonstration effect, and multiplier.
◦ foreign exchange earnings, land speculation, and import substitution.
◦ cultural facilities, infrastructure, and employment.