A Net Exports Deficit or Surplus Equals

question 135

Multiple Choice

A net exports deficit or surplus equals

• A)net worth plus the government sector balance minus the private sector balance.
• B)the government sector balance plus the private sector balance.
• C)net lending by both the private and public sector plus savings minus investment.
• D)taxes minus savings plus public and private investment.

---

Definitions:

Unpaid Vouchers

Refers to vouchers, which represent obligations or promises to pay, that have not yet been settled or paid.

Gross Method

An accounting method for recording purchases of inventory at their full invoice prices without deducting any cash discounts offered.

Periodic Inventory Method

A system of inventory management and cost determination that updates the ending inventory balance and the cost of goods sold only at the end of an accounting period.

Purchases

Transactions involving the acquisition of goods or services for personal use, resale, or business operations.