For Any Country, Net Exports Are Always Equal to Net

question 19

True/False

For any country, net exports are always equal to net capital outflow because every international transaction involves an exchange of an equal value of some combination of goods and assets.

---

Definitions:

LIFO Method

Last In, First Out method; an inventory valuation approach where the most recently produced or acquired items are the first to be expensed.

FIFO Method

Stands for "First In, First Out," an inventory valuation method where the cost of the oldest items are the first to be recorded as sold.

Common Stock

A form of corporate equity ownership, a type of security representing ownership of a fraction of a corporation's capital.

Industry Segment Disclosure

Financial reporting that breaks down a company's operations by segment or division to provide insight into each segment's performance.