In 2012, U.S. Net Exports Were

question 197

Multiple Choice

In 2012, U.S. net exports were

• A) positive and about 3.5 percent the size of GDP.
• B) positive and about 6 percent the size of GDP.
• C) negative and about 3.5 percent the size of GDP.
• D) negative and about 6 percent the size of GDP.

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Definitions:

Units Transferred Out

The completed units moved out of a production process or cost center to the next process, or finished goods inventory, during a period.

August

The Gregorian calendar's eighth month.

Weighted-Average Method

A costing method that calculates the cost per unit by dividing the total cost by the total number of units produced, treating all units as equal regardless of when they were actually manufactured.

Assembly Department

A division in a manufacturing plant where components are joined together to form a finished product.