This quiz is a part of the CFA Level 1 study session 'International Trade and Capital Flows'. 

International Trade and Capital Flows

Factor incomes to foreign-owned firms in the United States are included in GNP 

Factor incomes to foreign-owned firms in the United States are included in GDP 

Comparative advantage in producing good X

Comparative advantage in producing good Y

Merchandise exports minus merchandise imports 

Changes in U.S. assets owned abroad and foreign assets owned in the U.S. 

Unilateral transfers of currency by individuals 

There will be a surplus in the government budget 