A Measure of Whether the Government Lived Within Its Means

question 28

Multiple Choice

A measure of whether the government lived within its means in the measurement year, or was required to use prior year resources to fund a portion of current year costs, or shifted the funding of some current year costs to future periods, is:

• A) Business-type activities revenues/business-type activities expenses.
• B) Unrestricted net position/total revenues.
• C) Net revenues/total expenses.
• D) Total net position (governmental activities and business-type activities) less total net position at the beginning of the year divided by beginning net position.

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Definitions:

Sample Space

The entire set of possible outcomes in a probability experiment or situation.

Sample Point

A single outcome from a statistical experiment.

Event

An occurrence or result that can be defined within a certain context, particularly in probability and statistics.

Sample Points

Specific outcomes or members of the sample space in a statistical experiment, each representing a possible result.