For each of the following independent cases, determine the estimated effective tax rate to be used for the current quarter's interim statements. 
Definitions:
Trade Deficit
A situation where a country's imports of goods and services exceed its exports, resulting in a negative balance of trade.
GDP
Gross Domestic Product, the total market value of all final goods and services produced within a country in a given period of time.
Balance Of Trade
The difference between a country's exports and imports of goods and services, indicating whether a country has a trade surplus or deficit over a specific period.
Trade Deficit
A situation where the value of a country's imports exceeds the value of its exports.
Q1: Which of the following statements applying to
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