Gross domestic product is the market value of all final goods and services produced in the economy of a given territory during a defined period of time

Suppose that the U.S. government acquires more foreign currency. This change is entered into which of the balance of payments accounts?

A) current account B) capital and financial account C) official settlements account D) reserves account E) trade account

If a 10% currency appreciation results in a 10% decrease in the price of imported goods, then this is called

A) a complete pass-through. B) the Marshall Lerner condition. C) a partial pass-through. D) import inflation.