THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 5

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The amount of time you have to wait at a particular stoplight is uniformly distributed between zero and two minutes.
-Sixty percent of the time,the stoplight will change before you have to wait X seconds,what is the value of X?

• A)72 seconds
• B)60 seconds
• C)48 seconds
• D)36 seconds

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Definitions:

Government Expenditures

The total amount of money that a government spends on public services, infrastructure, defense, and welfare programs.

Business Cycle

The fluctuations in economic activity that an economy experiences over a period of time, characterized by periods of boom and recession.

Marginal Propensity

Marginal propensity, in economics, refers to the fraction of an increase in income that is spent on consumption. It represents the change in consumption resulting from a change in income.

Government Spending

This refers to the total expenditure by government agencies on goods, services, and public works.