The Government's Budget Deficit or Surplus Equals the

question 46

Multiple Choice

The government's budget deficit or surplus equals the

• A) change in outlays divided by change in revenue.
• B) average outlay divided by average revenue.
• C) change in revenue minus change in outlays.
• D) total tax revenue minus total government outlays.

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Definitions:

Dependent Variable

A variable in an experiment or model whose value is affected by changes in other (independent) variables.

Independent Variables

Variables in a statistical or mathematical model that are manipulated or selected by the researcher to determine their effect on dependent variables.

Sample Size

The number of observations or items selected from a population to participate in a study, which can influence the study's validity and outcomes.

Correlation Coefficient

A measure indicating the degree to which two variables are linearly related, ranging from -1 (perfect negative correlation) to +1 (perfect positive correlation).