Examlex
The national deficit is the difference between our nation's exports and its imports.
Level of Learning 1: Knowledge of key terms
Break-even Point
The point at which total costs and total revenue are equal, meaning there is no net loss or gain, and the business is not making a profit.
Actual Sales
This refers to the actual revenue generated from the sale of products or services, as opposed to projected sales or forecasts.
Break-even Point
The point at which total revenues equal total costs, meaning the company neither makes a profit nor incurs a loss.
Variable Costs
Costs that vary directly with the level of production or with volume of services provided.
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