Which of the Following Statements Is Correct

question 118

Multiple Choice

Which of the following statements is correct?

• A)The cyclically adjusted budget and the actual budget differ because the latter does not take government transfer payments into account.
• B)The cyclically adjusted budget is less likely to show a deficit than is the actual budget.
• C)The cyclically adjusted budget and the actual budget will show the same size deficit or surplus in any given fiscal year.
• D)The cyclically adjusted budget is more likely to show a deficit than is the actual budget.

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Definitions:

Probability

The quantification of the chance that a specific outcome or event will take place.

Catch Fish

The act of capturing fish either for personal consumption, sport, or commercial purposes, typically using tools like nets, fishing rods, or traps.

Random Variable

A variable whose values are determined by the occurrences of an unpredictable event.

Occurrences

The instances or frequencies at which a specific event or outcome is observed.