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2-1. The component least likely to be included in a measurement of GDP is : a. the value of owner occupied rent b. the annual

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2-1. The component least likely to be included in a measurement of GDP is : a. the value of owner occupied rent b. the annual salary of the local police officer c. environmental damage caused by production I 2-2. Patent fees and legal services are recorded in which of the following BOP components: a. Capital Account b. Current Account c. Financial Account 2-3. If the direct quotation (US view) for the euro is $1.3565/euro, what is the size of the indirect quotation? a. 0.24154 b. 0.64354 c. 0.73724 d. 0.35654 2-4. The spot yen/US dollar exchange rate is 119.795 yen/$US. The three-month forward rate is 118.397 yen/$US. What is the yen's forward premium (or discount) on the dollar, expressed as an annual percentage?" a. 6.5 percent discount- b. 4.7 percent premium premium d. 4.7 percent discount c. 6.5 perce

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