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AP Macroeconomics Flashcards: Balance Of Payments Accounts

Study Balance Of Payments Accounts in AP Macroeconomics with focused flashcards that help you recognize the idea, recall the key rule, and apply it in practice-style prompts.

QUESTION

What happens to the BOP when a country exports more than it imports?

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ANSWER

It results in a Current Account surplus. Export surplus creates positive current account balance.

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AP Macroeconomics: Open Economy—International Trade and Finance

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What this deck covers

This deck focuses on Balance Of Payments Accounts, giving you a quick way to review the definitions, rules, and examples that matter most for AP Macroeconomics.

How to use these flashcards

Work through these flashcards in short sessions. Try to answer each prompt before flipping the card, then revisit any cards you miss until the explanation feels automatic.

Practice questions

1 of 50Practice questions for this set
Based on the balance of payments information shown for Country H (values in billions of dollars), which transaction would be recorded as a current account credit? Transactions for Country H:
  • Domestic consumers buy imported clothing: $18
  • Foreign tourists purchase domestic hotel services: $12
  • Domestic investors buy foreign government bonds: $9
  • Foreign investors purchase domestic factories: $20
Choose an answer

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