We Define Net Exports to Be

question 146

Multiple Choice

We define net exports to be:

• A) exports minus imports.
• B) imports minus exports.
• C) imports divided by exports.
• D) imports plus exports.

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Definitions:

Office of Management and Budget

A federal office within the Executive Branch of the United States government that assists the President in preparing the budget and monitoring federal agencies.

Indirect Tax

A tax levied on goods and services rather than on income or profits.

Corporate Income Tax

A tax imposed on the net income of corporations, calculated after allowable deductions and credits.

Federal Personal Income Tax

A tax levied by the federal government on the annual income of individuals.