If We Consider the Savings,investment,and Net Exports in the United

question 20

Multiple Choice

If we consider the savings,investment,and net exports in the United States in recent years,the gap between savings and investment is almost exactly:

• A)the net capital outflow.
• B)the balance of payments.
• C)direct foreign investment.
• D)the trade balance.

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Definitions:

Direct Labor Cost

The total cost of workforce expenses directly involved in the manufacturing of products or delivery of services, excluding indirect labor costs.

Absorption Costing

A costing methodology in accounting that factors in all costs associated with manufacturing, such as direct materials, direct labor, along with both variable and fixed overheads, into the product's cost.

Unit Product Cost

Unit product cost is the total cost to produce one unit of product, calculated by dividing total production costs by the number of units produced.

Direct Labor Cost

The total amount of money a company spends on wages for employees who are directly involved in the manufacturing of products or providing services.