How Does Inclusion of the Current Revenues and Expenditures of the Social

question 20

Multiple Choice

How does inclusion of the current revenues and expenditures of the Social Security trust fund into the budget calculation currently affect the reported budget deficit of the federal government?

• A)It increases the reported deficit.
• B)It reduces the reported deficit.
• C)It exerts no effect on the reported deficit.
• D)It increases the deficit during an economic boom but reduces it during a recession.

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Definitions:

Median

The middle value in an ordered list of numbers, or the average of the two middle numbers when the list has an even number of observations.

Range

The difference between the highest and lowest values in a dataset, a simple measure of the spread or dispersion of the data points.

Standard Deviation

A statistical measure that quantifies the dispersion or spread of a set of data points.

Variance

A statistical measure of the dispersion of a set of data points in a data set.