How Are Net Exports of a Country Determined

question 98

Multiple Choice

How are net exports of a country determined?

• A) the value of goods and services imported minus the value of goods and services exported
• B) the value of goods and services exported minus the value of goods and services imported
• C) the value of goods exported minus the value of goods imported
• D) the value of goods imported minus the value of goods exported

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Definitions:

Unrealized Gains and Losses

Increases or decreases in the value of investments that have not been sold, thus not yet resulting in actual profit or loss.

IFRS 11

An International Financial Reporting Standard that deals with accounting for interests in joint arrangements, requiring parties to recognize their rights and obligations.

Non-Monetary Assets

Assets that are not in the form of cash or cannot be easily converted to cash, such as property, plant, and equipment.

Proportionately Adjusted Income Statement

An income statement where the figures reflect the proportional share of joint ventures or associates in a company's earnings.