In the National Income Accounts, Net Exports Equal

question 23

Multiple Choice

In the national income accounts, net exports equal:

• A) exported goods minus imported goods.
• B) exported goods and services minus imported goods and services.
• C) exported goods minus imported services.
• D) exported goods and services plus imported goods and services.

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Definitions:

Common Fixed Expenses

Expenses that do not change with the volume of production or sales and are shared among different segments or products of a business.

Divisional Segment Margin

The profit or loss generated by a specific division or segment of a business, excluding costs not directly tied to that division.

Common Fixed Expenses

Costs that do not vary with the level of production or sales, shared across different segments or products of a business.

Break-Even

The point at which total costs equal total revenues, meaning there is no profit or loss.