If Last Year Net Exports of Goods and Services Was

question 63

Multiple Choice

If last year net exports of goods and services was negative. This means that

• A) there was an error made when calculating net exports of goods and services.
• B) consumption expenditure plus investment was less than the value of exports plus the value of imports.
• C) consumption expenditure plus investment plus government expenditures on goods and services was less than the value of exports plus the value of imports.
• D) the value of exports was less than the value of imports.
• E) the value of exports was greater than the value of imports.

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Definitions:

Neo-Liberalism

An economic and political ideology and policy model that emphasizes the value of free-market competition, minimizing state intervention in the economy.

Sweeping Generalization

A broad and oversimplified conclusion or statement that does not account for exceptions or differences.

Stable

Describes a state of equilibrium or consistency within a system, characterized by the absence of significant change or fluctuation.

Socially Excluded

Individuals or groups who are marginalized from participating fully in economic, social, and cultural life of their community or society.