An American consumer buys a French luxury product in New York. In the U.S. balance of payments accounts, this transaction directly appears in

Question

Quizplus · Accepted Answer

The transaction directly appears in the imports part of the current account as the American consumer is buying a product from a foreign country (France) and bringing it into the U.S. This is considered an import and is recorded in the current account, which tracks the flow of goods and services into and out of a country.

An American Consumer Buys a French Luxury Product in New