Net Exports Equal

question 95

Multiple Choice

Net exports equal:

• A) all of the goods and services produced minus those exported.
• B) all of the goods and services produced plus imports.
• C) exports plus imports.
• D) exports minus imports.

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Definitions:

Authority

The power or right to give orders, make decisions, and enforce obedience.

Support Department Allocation Rates

Ratios or percentages used to distribute the costs of support departments to producing or service departments based on agreed-upon methods.

Operating Income

The amount of profit realized from a business's operations after deducting operating expenses such as wages, depreciation, and cost of goods sold.

Invested Assets

Resources such as securities and properties that an individual or organization allocates money into with the expectation of generating income or profit.