For each of the following, identify whether they increase or decrease the balance on Australias current account.

Question:

For each of the following, identify whether they increase or decrease the balance on Australia’s current account.

a. An Australian’s purchase of an airline ticket from Air France

b. A Japanese’s purchase of Australian wine

c. A $50 million of foreign aid to Honduras

d. A worker in Sydney who sends money to his or her parents in China

e. The services an Australian accounting firm provides to a New Zealand firm

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