A Trade Surplus Is an Excess of Exports Over ________

question 85

Multiple Choice

A trade surplus is an excess of exports over ________.

• A) imports
• B) transfers
• C) factor payments
• D) capital outflows

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Definitions:

Useful Output

The amount of productive work, goods, or services an organization, process, or device generates during a given period.

Sales Journal

A special journal that records all sales of merchandise on account.

General Ledger

The primary accounting record of a company that uses double-entry bookkeeping, containing all the financial accounts and transactions.

Reference Column

An additional column in financial documents used to include explanatory notes or cross-references.