Exports Equal

question 162

Multiple Choice

Exports equal

• A) imports - net exports.
• B) net exports + imports.
• C) net exports - imports.
• D) imports + (exports + imports).

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Definitions:

Net Income

The total revenue of a company minus all expenses and taxes; a measure of the company's profitability over a specific time period.

Liabilities

Financial obligations or debts that a company owes to others, reflected on the balance sheet.

Statement of Income

A financial document that provides a summary of a company's revenues, expenses, and net income over a specific period.