Which of the Following Is Correct

question 53

Multiple Choice

Which of the following is correct?
i. The private sector balance equals saving minus investment.
ii. Net exports is exports of goods and services plus imports of goods and services.
iii. Net exports equals the sum of the private sector balance plus the government sector balance.

• A) i only
• B) ii only
• C) iii only
• D) i and iii
• E) i, ii, and iii

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Definitions:

Accounting Period

A period of time, such as a month, quarter, or year, over which financial statements are prepared to understand a business's financial position and performance.

Inadequacy

The state of being insufficient or not suitable for a specific purpose or requirements.

Useful Life

The estimated time period that an asset is expected to be usable for its intended purpose, affecting depreciation calculations.

Growing Production Demands

Growing Production Demands refer to the increase in quantity or speed of production required to meet market or customer demand.