In the Economy of Talikastan in 2015,consumption Was $3000,exports Were

question 78

Multiple Choice

In the economy of Talikastan in 2015,consumption was $3000,exports were $1200,GDP was $6300,government purchases were $1300,and investment was $1500.What were Talikastan's imports in 2015?

• A)-$500
• B)-$700
• C)$700
• D)$500

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Definitions:

Current Ratio

A financial liquidity metric that compares a company's current assets to its current liabilities, used to evaluate its ability to pay short-term obligations.

Temporary Accounts

Accounts that track revenues and expenses within a specific accounting period and are reset to zero at the period’s end.

Prepaid Rent

A type of asset account on the balance sheet that represents rent payments made in advance of the rental period.

Adjusting Entry

A journal entry made in accounting to update the records for accruals and deferrals that have not yet been recorded.