In a Closed Economy,________ Equal to Zero

question 138

Multiple Choice

In a closed economy,________ equal to zero.

• A) investment is
• B) consumption is
• C) net exports are
• D) government spending is

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Definitions:

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Inventories

The raw materials, work-in-process products, and finished goods considered part of a business's assets that are ready or will be ready for sale.

Taxes Payable

Liabilities owed to various governmental entities within the current fiscal period.

Bonds Outstanding

The total amount of bonds that are issued by a corporation or government entity and are currently in the hands of investors.