AP Econ Unit 6

1. Which of the following would not be included in the current account of the USA?

1. Which of the following represents the balance of payments?

David initially had a financial account balance, but then its exports increased. Which of the following will happen?

1. If the USA sends military grants to Ukraine, this will get recorded under the  _____ of the _____ account for the USA.

1. John is a citizen of the USA. If he buys newly issued government bonds from Germany, how is his purchase counted in the balance of payments in each country?

1. Which of the following best describes the balance of payments?

1. Which statement is true about a nation’s official reserves account?

1. Which of the following would result in a surplus for the United States within the balance of payments account?

1. A depreciation in the nominal exchange rate of a currency indicates the following:

1. If a burger costs 8 euros in Germany and $4 in the U.S, according to purchasing power parity, what should the nominal exchange rate be between euros and dollars?