In Calculating the Nation's Total Output, Net Exports Do Not

question 185

Multiple Choice

In calculating the nation's total output, net exports do not

• A)represent exports of goods and services minus imports of goods and services.
• B)have been a negative number in the last several years.
• C)would include purchases of U.S.-made automobiles by foreigners minus purchase of foreign-made automobiles by U.S.residents.
• D)have been positive since global trade as expanded.

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Definitions:

Time

The ongoing sequence of events and the resource that can be managed, spent, saved, or wasted in activities or processes.

Extended Credit

A financial arrangement that allows a customer to purchase goods or services on account, paying for them at a later date.

Collection System

A process or network designed for gathering and transporting something, often used in the context of waste collection or receivables in finance.

Breakeven Point

The moment when a business's revenues equal its costs, meaning the business is neither making a profit nor a loss.