Complete the following sentence net exports equals a

8) Complete the following sentence. Net exports equals
A) exports divided by imports.
B) exports plus imports.
C) exports minus imports.
D) imports minus exports.
E) foreign borrowing by residents of Canada minus domestic borrowing by nonresidents of Canada.
9) Which one of the following is an expenditure flow from households to firms?
10) Which one of the following is an income flow from firms to households?
11) Which one of the following flows from firms to households? 12) For the aggregate economy, income equals
A) expenditure, but these are not generally equal to GDP.
B) GDP, but expenditure is generally less than these.
C) expenditure equals GDP.
D) expenditure equals GDP only if there is no government or foreign sectors.
E) expenditure equals GDP only if there is no depreciation.
13) Which one of the following is false ?
M - X
X - M

14) Which one of the following is true?
M - X
I + M
+ I
+ G
15) Which of the following is not correct?
16) Suppose the economy's capital increases over the year. It must be true that
A) net investment was greater than gross investment.
B) net investment was positive.
C) depreciation was greater than net investment.
D) depreciation was greater than gross investment.
E) depreciation is less than zero.
17) SaskWidget produces plastic parts. At the beginning of the year, they held $24 million worth of
capital. At the end of the year, they held $20 million worth of capital. One can conclude that
3