The Balanced Budget Act of 1997 and the Performance of the Economy

question 16

Multiple Choice

The Balanced Budget Act of 1997 and the performance of the economy in the 1990s produced the result that the federal budget deficit in the late 1990s

• A)rose rapidly
• B)rose slowly
• C)became a surplus
• D)stayed about the same

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Definitions:

Mean Score

The average value calculated by adding all individual scores and dividing by the number of scores.

Confidence Interval

A collection of values, extracted from sample measurements, likely to harbour the value of an undetected population parameter.

Confidence Interval

A range of values, derived from sample statistics, that is believed to contain the true population parameter with a specified level of confidence.

Confidence Interval

A breadth of values, taken from statistical examination of a sample, that aims to envelop the value of an unrevealed population trait.