Which of the Following Is Correct

question 436

Multiple Choice

Which of the following is correct?

• A) The private sector balance equals net exports plus the government sector balance.
• B) Net exports equals the government sector balance plus the private sector balance.
• C) Net exports equals the current account plus the capital account plus the official settlements account.
• D) The government sector balance equals net exports plus the private sector balance.

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Definitions:

Production Cost Report

A document that summarizes the total cost associated with producing a specific quantity of goods during a specific period.

Manufacturing Costs

Expenses directly related to the production of goods, including raw materials, labor, and manufacturing overhead.

Equivalent Units

A concept in cost accounting that is used to allocate costs to partially completed goods, measured in the amount of finished goods units.

Conversion Costs

The combined costs of direct labor and overhead expenses incurred to convert raw materials into finished goods.