Net Exports of Goods and Services Are Defined as the

question 160

Multiple Choice

Net exports of goods and services are defined as the

• A)value of the goods we sell to foreigners.
• B)income we receive from selling goods to foreigners.
• C)value of exports minus the value of imports.
• D)value of exports minus the income we receive from foreigners.
• E)value of exports plus the income we receive from foreigners.

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Definitions:

Net Pay

The amount of money an employee takes home after deductions such as taxes and retirement contributions have been subtracted from their gross salary.

Voluntary Deductions

These are payroll deductions that an employee chooses to have withheld from their paycheck, such as for retirement plans, health insurance, or union dues.

Health Insurance

Health insurance is a form of insurance coverage that typically pays for medical, surgical, prescription drug, and sometimes dental expenses incurred by the insured.

Retirement Plan

A financial arrangement designed to replace employment income upon retirement, often including contributions from both the employer and employee.