A Nation's Net Exports Consist of

question 30

Multiple Choice

A nation's net exports consist of

• A) its exports plus its imports.
• B) its exports minus its imports.
• C) its exports plus all other nation's imports.
• D) its imports plus all other nation's exports.

---

Definitions:

General Ledger

A comprehensive set of accounts that records all financial transactions of a business, showing assets, liabilities, equity, revenue, and expenses.

Owner Withdrawals

Money or assets taken out of a business by the owner(s) for personal use.

Owner's Equity

The residual interest in the assets of a company after deducting liabilities, representing the ownership interest of shareholders or owners.

Adjusted Trial Balance

A list of all the accounts of a company, showing the balance of each after adjustments have been made for errors, omissions, or accruals.