(Table) According to the Table, Net Exports of Goods and Services

question 26

Multiple Choice

(Table) According to the table, net exports of goods and services are equal to: GDP Expenditures for 2010 $$\begin{array} { | l | c | } \hline \text { Expenditure } & \text { Billions } \\\hline \text { Personal consumption } & \$ 10,353.5 \\\hline \text { Gross private domestic investment } & 1,769.1 \\\hline \text { Exports } & 1,746.1 \\\hline \text { Imports } & 2,251.5 \\\hline \text { Government purchases } & 2,975.1 \\\hline \text { Capital consumption allowance } & 1,030.2 \\\hline\end{array}$$

• A) $505.4 billion.
• B) -$505.4 billion.
• C) -$738.9 billion.
• D) $738.9 billion.

---

Definitions:

Finished Goods

Manufactured items that are completed and ready for sale but have not yet been sold to customers.

Raw Materials

Primary components or substances used in the production of goods.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a product and are a significant component of finished goods.

Work in Process Inventory

Work in process inventory includes partially completed goods that are still in the production process at the end of a period.