Answer: Balance of Trade
Explanation:
<em>Balance of trade</em> is the difference between the value of exports from a country and the value of imports into the country. When the value of exports is greater than imports, the balance of trade is positive and the country has a <em>trade surplus</em>. While, when the value of exports is less than the value of imports, the balance of trade is negative and the country has a <em>trade deficit</em>.
In this case, Wichasha's exports is higher than the total value of its imports so, it has a trade surplus or positive balance of trade.
Current assets, or possessions used up within a year, are generally used to settle current liabilities.
<h3>Why do you use the term "current liabilities"?</h3>
- Current liabilities are debts or commitments that fall due within a year or during the regular business cycle. Additionally, current obligations are paid off by using a current asset, either by generating a fresh current liability or by using cash.
- In accounting, current liabilities are frequently interpreted as all debts owed by a company that must be paid in cash within the fiscal year or the operational cycle of that particular company, whichever is longer.
- Current assets, or possessions used up within a year, are generally used to settle current liabilities. Accounts payable, short-term loans, dividends, and notes payable are a few examples of current liabilities, along with any outstanding income taxes.
To learn more about Current assets refer to:
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Answer:
D. Spending on services is smaller than the amount of consumption spending on durable and nondurable goods.
Explanation:
For developed countries like the U.S, there is a lot of stress in consumption of services such as good health care, appropriate and quality education and among others. These services contribute to a larger proportion of consumption component of GDP than both durable and nondurable commodities. Therefore, the statement “spending on services is smaller than the amount of consumption spending on durable and non-durable goods” is not correct
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