Sophia Unit 1 Milestone Questio
Western Governors University
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Sophia (Macroeconomics) - Unit 1 _3
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Sophia (Macroeconomics) - Unit 1 Milestone Questions and Answers Already Passed
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Which of the following make up a country's balance of payments? Capital account and current 
account 
Which of the following is NOT part of the expenditure approach to calculating GDP? Labor 
income 
If one dollar can purchase 0.74 euros, what is the exchange rate when using U.S. dollars as the 
base currency? 1.35 
Which of the following is the point in the business cycle that marks the lowest period of growth in 
GDP for a specific period? Trough 
Which statement below is true of price floors...
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