Which of the Following Is Not a Reason Why the U.S.economy

question 75

Multiple Choice

Which of the following is not a reason why the U.S.economy has been more stable since 1950?

• A)Goods have become a larger fraction of GDP and services have become a smaller fraction of GDP.
• B)The government has actively pursued policy to combat recessions and prolong expansions.
• C)Unemployment insurance and other government programs curtail the decline in spending that occurs during a recession.
• D)Services have become a larger fraction of GDP and goods have become a smaller fraction of GDP.

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Definitions:

Binomial Probability Distribution

A probability distribution that summarises the likelihood that a value will take one of two independent values under a given set of parameters or assumptions.

Probability Of Success

Refers to the chance that a given event will occur, often denoted in statistics by the symbol p.

Probability Of Failure

The probability that a system or component will not execute its designated purpose as expected.

Expected Value

A calculated average or mean of all possible outcomes of a random variable, considering the probabilities of each outcome.