Which of the Following Statements Is Always Correct

question 65

Short Answer

Which of the following statements is always correct? $\begin{array}{|l|l|}\hline A&P(A ⋂ B)=P(A) \times P(B)\\\hline B&P(A \cup B)=P(A)+P(B)\\\hline C&P(A \cup B)=P(A)+P(B)+P(A ⋂ B)\\\hline D&P(A)=1-P(\bar{A})\\\hline\end{array}$

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Definitions:

Nominal GDP

The market value of all final goods and services produced within a country in a given period, measured using current prices.

Money Supply

The full extent of financial assets at hand in an economy during a specific period.

Interest Rate

The percentage of a sum of money charged for its use, determining the cost of borrowing or the return on savings.

Money Supply

The total amount of money available in an economy at a specific time, including cash and deposits.