Which of the Following Statements Correctly Defines a Named Constant

question 50

Multiple Choice

Which of the following statements correctly defines a named constant named TAX_RATE that holds the value 0.075?

• A) double TAX_RATE = 0.075;
• B) const TAX_RATE;
• Double TAX_RATE = 0.075;
• C) const double TAX_RATE = 0.075;
• D) double TAX_RATE;
• Const TAX_RATE = 0.075;
• E) const TAX_RATE = 0.075;

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Definitions:

General Equilibrium

An economic condition where supply and demand are balanced across all markets in the economy, leading to an optimal distribution of resources.

Simultaneous Equilibrium

A condition in which all markets in an economy are in equilibrium at the same time, reflecting a balance between supply and demand.

Capital Flows

Movements of capital in the form of money or investment from one country to another.

Consumer Preference

The inclination of consumers to favor certain products or services over others, often based on factors like quality, price, or brand.