In Which of the Following Years Was the Recession the Most

question 140

Multiple Choice

In which of the following years was the recession the most severe in terms of real GDP decline?

• A)1945
• B)1954
• C)1982
• D)2009

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Definitions:

Tree Diagram

A diagram used to show the total number of possible outcomes in a probability experiment.

Simple Events

A simple event is an outcome or event that cannot be further broken down into simpler components within the context of a probability experiment.

Experiment

A carefully controlled procedure undertaken to discover, test, or demonstrate a hypothesis or the effects of one variable on another.

Sample Space

The set of all possible outcomes of a probability experiment.