If a and B Are Mutually Exclusive Events with P(A)

question 84

Multiple Choice

If A and B are mutually exclusive events with P(A) = 0.80, then P(B) :

• A)Can take any value between 0 and 1.
• B)Can take any value between 0 and 0.80.
• C)Can be larger than 0.80.
• D)Cannot be larger than 0.20.

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Definitions:

GDP Deflator

An economic measure of inflation that divides the nominal GDP by the real GDP and multiplies by 100, showing how much prices have changed over a specified time.

Real GDP

The total value of all goods and services produced by a country adjusted for inflation, reflecting the real quantity of goods and services produced.

Percentage Change

A mathematical calculation that describes the degree of change over time, often used to compare the difference between two numbers expressed as a fraction of the initial value.

GDP Deflator

A price index that measures the change in the price level of all new, domestically produced, final goods and services in an economy.