100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
ap macroeconomics unit 6 study guide $9.99   Add to cart

Exam (elaborations)

ap macroeconomics unit 6 study guide

 3 views  0 purchase
  • Course
  • AP Macroeconomics
  • Institution
  • AP Macroeconomics

ap macroeconomics unit 6 study guide exports - imports - Answer-net exports = trade surplus - Answer-exporting more than importing trade deficit - Answer-exporting less than is imported lowest opportunity cost (comparative advantage) - Answer-what often determines who exports what and who impo...

[Show more]

Preview 2 out of 5  pages

  • October 15, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • AP Macroeconomics
  • AP Macroeconomics
avatar-seller
Emillect
EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024.




ap macroeconomics unit 6 study guide

exports - imports - Answer✔✔-net exports =


trade surplus - Answer✔✔-exporting more than importing


trade deficit - Answer✔✔-exporting less than is imported


lowest opportunity cost (comparative advantage) - Answer✔✔-what often determines who exports what

and who imports what?


balance of payments - Answer✔✔-the difference between the amount of money that comes into a

country and the amount that goes out of it




summary of a country's international trade


current account and financial (capital) account - Answer✔✔-what are the two accounts that make up the

balance of payments?


trades in goods and services, investment income, and net transfers - Answer✔✔-what are the three

parts that make up the current account?


balance of trade - Answer✔✔-difference between a nation's exports of goods and services and its

imports of goods and services




ex. toys imported from China, U.S. cars exported to Mexico


Page 1/5

, EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024.



investment income - Answer✔✔-income from the factors of production including payments made to

foreign investors




ex. money earned by Japanese car producers in the U.S.


net transfers - Answer✔✔-money flows from the private or public sectors




ex. donations, aids and grants, official assistance, and remittance


financial (capital) account - Answer✔✔-the part of the balance of payments that measures the purchase

and sale of financial assets abroad




ex. an American buys a Japanese gov. bond


a Korean company buys a factory in Ohio


foreign direct investment - Answer✔✔-a capital investment that is owned and operated by a foreign

entity


net capital outflow - Answer✔✔-the difference between the purchases of foreign assets by domestic

residents and the purchases of domestic assets by foreign residents (up if more $ leaving; down if more $

coming in)


financial (capital) account surplus - Answer✔✔-inflow > outflow




Page 2/5

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Emillect. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

83100 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.99
  • (0)
  Add to cart