Table 51
National Income Accounts (Dollar Figures Are in Billions) on

question 96

Multiple Choice

$\begin{array}{|l|r|}\hline \text { Expenditures for consumer goods and services } & \$ 4,565 \\\hline \text { Exports } & \$ 740 \\\hline \text { Government purchases of goods and services } & \$ 1,465 \\\hline \text { Social Security taxes } & \$ 510 \\\hline \text { Net investment } & \$ 225 \\\hline \text { Indirect business taxes } & \$ 520 \\\hline \text { Imports } & \$ 825 \\\hline \text { Gross investment } & \$ 865 \\\hline \text { Corporate income taxes } & \$ 185 \\\hline \text { Personal income taxes } & \$ 750 \\\hline \text { Corporate retained earnings } & \$ 45 \\\hline \text { Net foreign factor income } & \$ 20 \\\hline \text { Government transfer payments to households } & \$ 690 \\\hline \text { Net interest payments to households } & \$ 0 \\\hline\end{array}$

Table 5.1
National Income Accounts (dollar figures are in billions) On the basis of Table 5.1,net exports are

• A)$740 billion.
• B)$825 billion.
• C)-$85 billion.
• D)$85 billion.

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Definitions:

Remeasured

Refers to the adjustment of the value of an asset or currency to reflect current market values or exchange rates.

Functional Currency

The currency of the primary economic environment in which an entity operates, usually determined by the currency in which it predominantly generates and expends cash.

Balance Sheet

A financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.

U.S. Dollars

The official currency of the United States, widely used as a standard or reference currency in international transactions.