A nation's earnings from tourism are classified as

Assessment: WAEC SSCE - Commerce - 1996 (Objective) Subject: Commerce

Question 1 Report

A nation's earnings from tourism are classified as
Answer Details
A nation's earnings from tourism are classified as "invisible exports". This is because they do not involve the physical movement of goods across borders, but instead, represent income generated from services provided to non-residents, such as accommodation, food, transportation, and entertainment. The term "invisible" refers to the fact that these transactions do not involve tangible products being exported, unlike visible exports such as manufactured goods or agricultural products.
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