Net Export Spending Is Expenditures on

question 18

Multiple Choice

Net export spending is expenditures on

• A) consumer durables,nondurables,and services.
• B) stocks,bonds,and other financial instruments.
• C) capital goods,residential housing,and changes in inventories.
• D) goods and services by federal,provincial,and local governments.
• E) goods and services sold abroad minus goods and services produced abroad.

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Definitions:

Purchase Order

A document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.

Title

Legal ownership of property, evidenced by a document or record.

Sale of Goods

A transaction between a buyer and a seller involving the exchange of tangible personal property for payment.

Gift

A voluntary transfer of property or funds from one person to another without expecting anything in return.