In Calculating the Nation's Total Output, Net Exports

question 85

Multiple Choice

In calculating the nation's total output, net exports

• 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)All of the above are correct.

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Definitions:

Cost Accounting System

A system of accounting for recording, classifying, allocating, summarizing, and analyzing various alternative courses of action for controlling costs.

Service Center

A segment within an organization that provides essential support services or assistance to other departments or units within the organization.