A country’s balance-of-payments accounts keep track of the ____.

A country’s balance-of-payments accounts keep track of the ____.

A. basic factor endowments and advanced factor endowments that the nation possesses

B. payments to and receipts from other countries for a particular time period

C. income taxes paid by domestic firms and the spending on the firms

D. total value of taxes paid by domestic firms and the spending on the firms

ANSWER:

B. payments to and receipts from other countries for a particular time period