Are Demographics an Important Factor When Planning the Federal Budget

question 156

Multiple Choice

Are demographics an important factor when planning the federal budget?

• A) No,because government spending and taxation policies do not discriminate based on any demographic factors.
• B) No,because demographics do not change much from year to year.
• C) No,because federal budgets do not change much from year to year.
• D) Yes,because government benefits are allocated solely based on demographic factors.
• E) Yes,because many government benefits are received by the fast-growing elderly population,causing implications for future levels of taxation and government benefits for everyone.

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Definitions:

Green Bay Packers

A professional American football team based in Green Bay, Wisconsin, known for its rich history and loyal fanbase.

Disjoint Events

Events that cannot occur at the same time, meaning they have no outcomes in common.

P(S)

The Probability of success, used in statistics as a measure of how likely a particular event is to occur.

Discrete Random Variable

A type of random variable that can take on a countable number of distinct values, often representing categorical data.