-In the Above Table,net Exports Equals a
A) Surplus of \text

question 52

Multiple Choice

$$\begin{array} { | l | c |} \hline { \text { Component } } & \begin{array} { c } \text { Amount } \\\text { (billions of dollars) }\end{array} \\\hline \text { Investment, } I & 700 \\\hline \text { Net taxes, } T & 1,300 \\\hline \text { Government expenditure, } & \\G & 1,200 \\\hline \text { Exports, } X & 1,500 \\\hline \text { Imports, } M & 1,700 \\\hline\end{array}$$
-In the above table,net exports equals a

• A) surplus of $200 billion.
• B) deficit of $200 billion.
• C) surplus of $100 billion.
• D) deficit of $100 billion.

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Definitions:

Sales Taxes

Taxes imposed by the government on sales of goods and services, which are typically paid by the consumer at the point of sale.

Payroll Liabilities

Obligations arising from salaries, wages, taxes, and other amounts due to employees.

Federal Income Taxes

Taxes levied by the Internal Revenue Service (IRS) on the annual earnings of individuals, corporations, trusts, and other legal entities.

Time Clock

A device used to track the hours worked by employees, often used to calculate payroll.