-In the Table Above, What Do Net Exports Equal

question 351

Multiple Choice

-In the table above, what do net exports equal?

• A) a deficit of $700 billion
• B) a deficit of $350 billion
• C) a surplus of $50 billion
• D) a surplus of $1,750 billion

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Definitions:

Operating Results

The financial outcomes achieved from a company's core business operations.

Variable Factory Overhead

Costs of production that fluctuate with the level of output, including utilities and materials not directly tied to a product's manufacture.

Controllable Variance

The difference between actual and budgeted figures that is within the control of a manager, used for assessing performance.

Controllable Variance

The difference between actual costs and budgeted costs that management has the power to influence or control through decisions and actions.