Suppose a Portuguese citizen travels to Tanzania to go on a safari and uses euros for the transaction. Tanzania then uses the euros to purchase wine from Portugal. How will this transaction affect Portugal's trade deficit? The first transaction is recorded as an export capital account an export deficit will increase in the . The second transaction is recorded as in the capital account , so the trade
Suppose a Portuguese citizen travels to Tanzania to go on a safari and uses euros for the transaction. Tanzania then uses the euros to purchase wine from Portugal. How will this transaction affect Portugal's trade deficit? The first transaction is recorded as an export capital account an export deficit will increase in the . The second transaction is recorded as in the capital account , so the trade
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![Suppose a Portuguese citizen travels to Tanzania to go on a safari and uses
euros for the transaction. Tanzania then uses the euros to purchase wine from
Portugal. How will this transaction affect Portugal's trade deficit?
The first transaction is recorded as an export
capital account
an export
deficit will increase
in the
. The second transaction is recorded as
in the capital account
so the trade](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb48d3cb7-f8de-49b9-a342-1991acce23cc%2F3d881c1b-82b0-4c70-b3c5-9c732bdea529%2Fvw9fpa_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose a Portuguese citizen travels to Tanzania to go on a safari and uses
euros for the transaction. Tanzania then uses the euros to purchase wine from
Portugal. How will this transaction affect Portugal's trade deficit?
The first transaction is recorded as an export
capital account
an export
deficit will increase
in the
. The second transaction is recorded as
in the capital account
so the trade
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