Solve $\log _ { 8 } x = - \frac { 1 } { 3 }$

question 202

Multiple Choice

Solve: $\log _ { 8 } x = - \frac { 1 } { 3 }$

• A) -2
• B) 2
• C) -\(\frac { 1 } { 2 }\)
• D) \(\frac { 1 } { 2 }\)

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Definitions:

Budget Deficit

The situation where a government's expenditures surpass its revenue over a specific period, leading to borrowing or debt accumulation.

Government Purchases

Expenditures by government entities on goods and services that directly absorb resources and are part of the nation's gross domestic product (GDP).

Discretionary Fiscal Policy

Government policy involving deliberate measures, such as taxation and spending, to influence economic activity.

Economic Forecasts

Predictions about future economic activity based on current and historical data analysis, including trends in GDP, inflation, and employment.