AP Macro Unit 5 Summary
AP Macro Unit 5 Summary
AP Macro Unit 5 Summary
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Current AccountThe Current Account is made up of three parts:1. Trades in Goods and Services (Net Exports)-Difference between a nation’s exports of goodsand services and its imports of goods andservicesEx: Toys imported from China, US cars exported toMexico2. Investment Income- income from the factors ofproductions including payments made toforeign investors.Ex: Money earned by Japanese car producers in the US3. Net Transfers- Money flows from the private orpublic sectorsEx: donations, aids and grants, official assistance
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