One Year a Country Has Positive Net Exports

question 146

Multiple Choice

One year a country has positive net exports.The next year it still has positive but larger net exports

• A)its trade surplus fell.
• B)its trade surplus rose.
• C)its trade deficit fell.
• D)its trade deficit rose

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Definitions:

Percentage Method

An IRS method for calculating the amount of taxes to withhold from an employee's paycheck based on income brackets.

Federal Income Tax

An annual charge imposed by the U.S. government on the income of individuals, businesses, trusts, and various legal bodies.

Exemptions

Deductions allowed by tax authorities on a taxpayer's income, often based on the number of dependents, reducing the taxable income.

W-2's Filing

The process of submitting the Form W-2, which reports an employee's annual wages and the amount of taxes withheld from their paycheck, to the IRS.