The Main Advantage of a Test Like the SAT Is

question 3

Multiple Choice

The main advantage of a test like the SAT is that

• A) it makes it easier to compare people from different schools or backgrounds
• B) it is the only basis for making valid decisions about academic admissions
• C) combining SAT scores with high school transcript information doubles the validity of admissions decisions
• D) all of the above

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Definitions:

Budget Deficits

A financial situation where a government's expenditures surpass its revenues.

Budget Surpluses

A situation where a government's revenue exceeds its expenditures over a specific period, indicating financial health.

Annually Balanced Budget

A budget in which revenues and expenditures are equal within a single fiscal year, ensuring no deficit or surplus.

Contractionary Gap

A situation where the aggregate output in an economy is below its potential output, leading to unemployment and underutilized resources.