Net Exports Equal

question 64

Multiple Choice

Net exports equal

• A)exports plus imports.
• B)exports minus imports.
• C)imports minus exports.
• D)GDP minus imports.

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Definitions:

Bales of Hay

Compacted, bound, and often wrapped bundles of hay used for feeding livestock, as bedding, or for agricultural purposes.

Accepted

Acknowledgment or agreement to the terms of an offer, thereby creating a binding contract.

Installment Delivery

The distribution of goods to a buyer in several sequential parts, each of which is accepted and paid for by the buyer over time as stipulated in a contract.

Nonconformity

A situation where delivered goods or services do not meet the specifications or requirements as outlined in a contract.