The Value of Goods Imported into France Exceeds the Value

question 74

Multiple Choice

The value of goods imported into France exceeds the value of French exports.This indicates that France:

• A)Has an exchange rate decrease.
• B)Utilizes high tariffs.
• C)Has a budget deficit.
• D)Has a trade deficit.

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Definitions:

Land Account

An account used in accounting to track the investment in land owned by an entity, including the costs associated with acquiring the land.

Adjustment Necessary

Indicates that changes must be made to financial records or statements to correct inaccuracies or account for new information.

Equipment Account

An account in financial records that tracks the cost and accumulated depreciation of equipment owned by a business.

Unamortized Patent

The portion of a patent's cost that has not yet been expensed through amortization.