Identify the Correct Statement

question 77

Multiple Choice

Identify the correct statement.

• A) Transfer payments refer to the payments made to foreign firms.
• B) Net exports are the value of a country's exports minus the value of its transfer payments.
• C) Imports refer to the goods and services that are produced abroad and sold domestically.
• D) Exports refer to the goods and services that are produced abroad and consumed domestically.

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