The Quantity of Australian Exports Is Determined by

question 13

Multiple Choice

The quantity of Australian exports is determined by

• A)political factors.
• B)Australian aggregate expenditure.
• C)Australian consumption expenditure.
• D)Australian real GDP.
• E)aggregate incomes in the rest of the world.

---

Definitions:

Inventory

The complete inventory of products and materials a company possesses, meant for sale or to be used in manufacturing.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including material and labor costs.

Accounts Receivable

Funds that customers owe to a business for products or services provided but for which payment has not yet been received.

Unearned Sales Revenues

A liability on a company's balance sheet that represents revenue received before the company has delivered goods or services.