Which of the Following Terms Refers to the Situation When

question 88

Multiple Choice

Which of the following terms refers to the situation when the tax revenue of the federal government exceeds government spending?

• A)budget deficit
• B)budget surplus
• C)national debt
• D)trade deficit

---

Definitions:

Hourly Earnings

The amount of income earned by an individual per hour of work.

Confidence Interval

A range of values, derived from the sample statistics, that is likely to contain the value of an unknown population parameter.

Standard Deviation

An indicator of the spread or distribution of data points in a set, showing the degree to which these points vary from the average value.

Confidence Interval

A collection of numerical values from sample data, considered likely to include the value of a hidden population parameter.