Current Procedures for Estimating State and Local Revenues

question 36

Multiple Choice

Current procedures for estimating state and local revenues

• A)are unreliable, given the lack of data.
• B)are free of error now that highly reliable computers are available.
• C)rely on simply extrapolating from past trends.
• D)rely more and more on sophisticated econometric models and computer technology.

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Definitions:

Line Segments

A line segment is a part of a line that is bounded by two distinct end points, and contains every point on the line between its endpoints.

Points

Locations in space defined by their coordinates on a graph or geometric context.

Ordered Pairs

Pairs of elements taken from two sets, typically representing the coordinates of points in a coordinate system.

Equation

A mathematical statement that uses an equals sign to express that two expressions have the same value.