In some rural regions of the United States, residents harvest much of their food supplies directly from nature by hunting, fishing, and gathering. With regard to these subsistence activities:
a. GDP will overestimate the true value of the nation's production of final goods and services

Which of the following components of the U.S. balance of payments includes direct investment by Americans in foreign securities?

a. U.S. official reserve assets b. the capital account c. the current account d. U.S. government assets abroad e. merchandise trade balance

Which of the following correctly describes a foreign exchange market?

a. A place where foreign goods are bought and sold in any country b. A market in which foreign tourists can buy domestic goods c. A global market in which people exchange one currency for another d. A place where contracts to deliver agricultural products across countries are exchanged e. A market where the central banks of different countries exchange government bonds