What Are Algorithms

question 218

Multiple Choice

What are algorithms?

• A) mental representations of spatial arrangements
• B) mechanical, repetitive mathematical procedures for solving a problem
• C) strategies for simplifying a problem or for guiding an investigation
• D) highly typical members of a category

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Definitions:

Federal Budget Deficit

The financial shortfall when a government's expenditures exceed its revenues in a given fiscal year.

Federal Budget Surplus

The situation where a government's revenue exceeds its spending during a fiscal period.

National Debt

National debt is the total amount of money that a country's government has borrowed, by various means, including bonds and securities, from domestic or foreign sources.

MPC (Marginal Propensity To Consume)

Measures the proportion of additional income that a consumer spends on goods and services rather than saving.