A Trade Surplus Occurs When

question 118

Multiple Choice

A trade surplus occurs when

• A) the value of imports is less than the value of exports.
• B) government spending is less than total tax revenue.
• C) consumption is greater than disposable income.
• D) none of the above.

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Definitions:

Operating Segment Disclosures

Financial reporting requirements that necessitate entities to disclose income, expense, and other significant information about their operating segments.

U.S. GAAP

The Generally Accepted Accounting Principles in the United States, a standard framework of guidelines for financial accounting used in any jurisdiction, including the rules and standards for corporate financial reports.

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time.