Use the Following to Answer Questions: Table: Economic Data -(Table: Economic Data) Based on the Data in the Table

question 104

Multiple Choice

Use the following to answer questions: Table: Economic Data $$\begin{array} { l c } \hline \text { Component of GDP } & \text { Amount } \\\hline \text { Consumption } & \$ 875.5 \\\text { Investment } & 415.5 \\\text { Wages and salaries } & 794.8 \\\text { Rent } & 300.2 \\\text { Profit } & 391 \\\text { Government Purchases } & 380 \\\text { Interest } & 345 \\\text { Exports } & 520 \\\text { Imports } & 360 \\\hline\end{array}$$
-(Table: Economic Data) Based on the data in the table, what is the level of net exports in this economy?

• A) $160
• B) $520
• C) $880
• D) $1,831

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Definitions:

Interest Rates

The cost of borrowing money or the reward for saving, usually expressed as a percentage of the principal amount annually.

Balloon Note

A type of loan that has a large or "balloon" payment due upon maturity, typically after a series of lower regular payments.

Maturity

The final payment date of a loan or financial instrument at which point the principal (and all remaining interest) is due to be paid.

Covenants

Agreements or promises in a formal loan or bond agreement that cover certain conditions, actions, or restrictions taken by the borrower.