A market basket:
A. is a tool devised to track how changing prices affect consumers.
B. includes all the goods and services consumed in an economy, including imports.
C. includes all the goods and services produced in an economy.
D. includes all the goods and services consumed in an economy, including net exports.
Answer: A
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An American consumer buys a French luxury product in New York. In the U.S. balance of payments accounts, this transaction directly appears in
A) the official settlements account. B) the imports part of the current account. C) the net transfers part of the current account. D) the capital and financial account.
Countries with large current account surpluses might be viewed by the market as candidates for
A) devaluation. B) revaluation. C) bankruptcy. D) depreciation. E) investment.