Due to the on-going COVID-19 pandemic situation, the Australian economy faced major impacts to its economy. Given below are some specific aspects of the effects of the pandemic. For each of the following aspects listed below, indicate the component of Australian balance-of-payments accounts affected and whether it is a debit or credit to the Australian BOP. Please provide a brief explanation to support your answer. (a) Global gas prices have declined substantially (Australia is a net exporter of gas). (b) Australian universities earn less revenues from foreign students who are unable to travel for the purpose of study. (c) Australian investors earn less dividend income from their foreign investments. (d) Australian residents' overseas travel plummet due to travel restrictions in place. (e) Crude oil prices reduce substantially due to lower global demand (Australia is a net importer of crude oil). (f) Global gold prices are higher (Australia is a net exporter of gold). Due to the on-going COVID-19 pandemic situation, the Australian economy faced major impacts to its economy. Given below are some specific aspects of the effects of the pandemic. For each of the following aspects listed below, indicate the component of Australian balance-of-payments accounts affected and whether it is a debit or credit to the Australian BOP. Please provide a brief explanation to support your answer. (a) Global gas prices have declined substantially (Australia is a net exporter of gas). (b) Australian universities earn less revenues from foreign students who are unable to travel for the purpose of study. (c) Australian investors earn less dividend income from their foreign investments. (d) Australian residents' overseas travel plummet due to travel restrictions in place. (e) Crude oil prices reduce substantially due to lower global demand (Australia is a net importer of crude oil). (f) Global gold prices are higher (Australia is a net exporter of gold)