AP Macro Unit 5 Summary
AP Macro Unit 5 Summary
AP Macro Unit 5 Summary
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Current or Capital Account?Identify if the examples are counted in the current orcapital account and determine if it is a credit or debitfor the US.1. Bill, an American, invests $20 million in a ski resort inCanada2. A Korean company sells vests to the US Military3. A US company, Boeing, sells twenty 747s to France4. A Chinese company buys a shopping mall in San Diego5. An illegal immigrant sends a portion of his earning tohis family6. An German investor buys $50,000 US Treasury Bonds7. Italian tourists spend 5 million in the US whileAmerican tourists spend 8 million in Italy.