Which Represents the Highest Degree of Certainty

question 61

Multiple Choice

Which represents the highest degree of certainty?

• A) hypothesis
• B) deduction
• C) assumption
• D) theory
• E) prediction

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Definitions:

Private Saving

The portion of household and business income that is not spent on current consumption but instead is saved or invested for future use.

Government Budget Deficit

A financial shortfall where a government's expenditures exceed its revenues.

Investment

The allocation of resources, usually money, into assets with the expectation of generating income or profit in the future.

Budget Surplus

The situation where a government's income exceeds its expenditures within a given time period, enabling savings or debt reduction.