Suppose the Stock of Government Debt in Canada at the End

question 93

Multiple Choice

Suppose the stock of government debt in Canada at the end of fiscal Year 1 is $475 billion.If the stock of debt falls to $461 billion by the end of fiscal Year 2,then we know that during Year 2

• A)the government had a primary budget surplus of $14 billion.
• B)the government had a primary budget deficit of $14 billion.
• C)tax revenues increased by $14 billion.
• D)the government had an annual budget surplus of $14 billion.
• E)debt-service payments fell by $14 billion.

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Definitions:

Lowest Score

The smallest value in a data set or distribution.

Inclusive Range

Refers to the span of values from the minimum to maximum in a set, including both endpoints.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much individual values deviate from the mean.

Represent

To depict or stand in for something in a particular manner, often used in the context of data approximation or symbolization.