If Net Exports Decrease, the Expenditure Schedule Will

question 202

Multiple Choice

If net exports decrease, the expenditure schedule will

• A)get steeper.
• B)get flatter.
• C)shift upward.
• D)shift downward.

---

Definitions:

Federal Income Tax

An annual financial burden placed by the U.S. federal government on the income of different entities including individuals, corporations, and trusts.

Personal Liability

The legal responsibility of an individual to settle debts or legal claims from their own assets.

Partnership's Obligations

The legal and financial duties that a partnership owes to others, including partners, creditors, and the public.

Income

Money or goods received, especially on a regular basis, as a result of labor, investments, or business activities.