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Suppose the following transaction takes place. Australian residents, including friends Michelle and Megan, go on overseas holidays to Thailand during winter and spend a total

Suppose the following transaction takes place. Australian residents, including friends Michelle and Megan, go on overseas holidays to Thailand during winter and spend a total of AU$50,000. The Australian residents pay for their holiday by using money deposited in their Australian bank accounts. For Australia, this counts as a Answer credit(+), and a Answer debit(-). This transaction Answer the external wealth of Australia

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