If Net Exports Is 100 and the Private Sector Balance

question 199

Multiple Choice

If net exports is 100 and the private sector balance is 150, then the government sector balance is

• A) 0.
• B) 250.
• C) 50.
• D) - 50.

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Definitions:

Accounting Cycle

The collective process of recording and processing the accounting events of a company, from the initial transaction to the preparation of financial statements.

Analyzing Transactions

The process of examining financial transactions to determine their impact on the financial status of an entity.

Ledger

A detailed financial statement showing all the transactions of a business, used to compile the financial statements.

Unadjusted Trial Balance

A list of all the general ledger accounts and their balances at a specific time before any adjusting entries are made.