Which of the Following Statements Is INCORRECT

question 469

Multiple Choice

Which of the following statements is INCORRECT?

• A) Net exports equals exports minus imports.
• B) The government sector balance equals net taxes minus government expenditures on goods and services.
• C) The private sector balance equals private investment minus private saving.
• D) The sum of the government sector balance and the private sector balance equals net exports.

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Definitions:

Annual Insurance

A term referring to insurance coverage that is renewed or applicable for one year, often requiring annual premium payments.

Surcharge

An additional charge, tax, or cost added to the usual cost or bill.

Solution

The value or set of values that satisfies a given mathematical equation or inequality.