Given the Following Information, Calculate the Net Worth: Assets =

question 77

Multiple Choice

Given the following information, calculate the net worth: Assets = $8,000
Cash inflows = $6,000
Cash outflows = $4,500
Liabilities = $4,000

• A) $500
• B) $1,500
• C) $2,000
• D) $3,500
• E) $4,000

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Definitions:

National Output

The total value of all goods and services produced by a country's economy in a specific period.

Economic Units

Entities such as households, businesses, and governments that engage in economic activities including production, consumption, and exchange of goods and services.

Positive Statement

An objective analysis or statement based on factual information, without any subjective or opinion-based commentary.

Balance Of Trade

The difference in value between a country's imports and exports over a certain period of time.