In the 2000s,the U

question 72

Multiple Choice

In the 2000s,the U.S.economy had both a ________ and a ________.

• A)large trade deficit;large capital inflow
• B)large trade surplus;large capital inflow
• C)large trade deficit;high saving rate
• D)large capital inflow;high saving rate
• E)large capital inflow;small government budget deficit

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Definitions:

Chart of Accounts

An organizational tool that lists all the accounts in a company's general ledger, categorizing financial transactions into specific classes for reporting and analysis purposes.

Framework

A basic conceptual structure underlying a system, concept, or text, often guiding further development or thought.

Accounting Database

A digital collection of financial information and records that supports the storage, retrieval, management, and analysis of accounting data.

Prepaid Expenses

Expenses paid in advance for goods or services to be received in the future, recognized as assets on the balance sheet.