AP Macro Unit 6 Vocab

Front

Trade Surplus

Back

Exporting more than is imported

Front

Trade Deficit

Back

Exporting less than is imported (a.k.a Trade gap)

Front

Net Capital Outflow

Back

Difference between foreign asset purchases and domestic assets bought by foreigners.

Front

Current Account

Back

Measures trades of goods and services, investment income, and net transfers.

Front

Capital Financial Account

Back

Measures the purchase and sale of financial assets abroad (earning assets).

Front

Net Exports

Back

Exports – Imports

Front

Balance of Payments

Back

Considers ALL international transactions

Front

Balance of Trade

Back

Includes only goods and services

Front

Account Surplus

Back

Inflow > Outflow

Front

Account Deficit

Back

Inflow < Outflow