In 2015, Exports Represented

question 140

Multiple Choice

In 2015, exports represented:

• A) about 13 percent of U.S. GDP.
• B) about 1 percent of U.S. GDP.
• C) about 30 percent of U.S. GDP.
• D) nearly 20 percent of U.S. GDP.

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Definitions:

Payroll Register

A document that records the payment details of a company's employees, including wages, deductions, and net pay.

Monthly Payroll

The total amount of money paid by a business to its employees in a month, encompassing wages, salaries, and other compensations.

Salaries Payable

A liability account that records the amount of salaries due but not yet paid to employees.

Ceilings For Earnings

Limits set on the amount of income that can be considered for certain calculations, such as social security or pension benefits.