If Net Exports Is a Negative Number for a Particular

question 76

Multiple Choice

If net exports is a negative number for a particular year, then

• A)the value of firms' inventories declined over the course of the year.
• B)consumption exceeded the sum of investment and government purchases during the year.
• C)the value of goods sold to foreigners exceeded the value of foreign goods purchased during the year.
• D)the value of foreign goods purchased exceeded the value of goods sold to foreigners during the year.

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Definitions:

Assessed Value

The dollar value assigned to a property for purposes of measuring applicable taxes.

Property Tax

A levy imposed by a government on a property owner, based on the value of the property.

Mill Rate

The amount of property tax per $1000 value.

Average Number

A value found by adding all numbers in a set together and then dividing by the count of those numbers.