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:

Process Costing

A costing method used by companies that produce similar or identical units of product in batches employing a consistent process.

Home Construction

The process of building or assembling a residential dwelling, which involves planning, design, obtaining permits, and actual construction activities.

Job Order Costing

An accounting method that accumulates costs based on individual jobs, useful in manufacturing or service situations where each job is different.

Process Costing

An accounting methodology used for allocating production costs to individual units of output in continuous production processes.