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:

Fair Value

The capital retrieved from trading an asset or the expenditure for reallocating a liability in a well-arranged market transaction at the point of assessing value.

Carry Value

The original purchase cost of an asset adjusted for depreciation, amortization, or impairment costs on the financial statements.

Joint Operation

A business arrangement where two or more parties share control and management of a project or business.

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task or business activity.