Which of the Following Is True? the Federal Government's Budget

question 34

Multiple Choice

Which of the following is true? The federal government's budget

• A) was always in surplus until the 1980s
• B) is in deficit now but has been in surplus in most of the past 40 years
• C) has been virtually perfectly balanced for the past 5 years
• D) deficit has averaged around zero for the last several decades
• E) switched from deficits to surpluses in the late 1990s

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Definitions:

Waiting Time

The duration a customer or a process has to wait before its service begins or a specific event occurs, often analyzed in queue theory and operations research.

Probability Density Function

A function that represents the probability of a random variable assuming a specific value.

Uniform Distribution

A type of probability distribution where all outcomes are equally likely; any one of several outcomes has an equal chance of occurring.

Random Variable

A variable that takes on a set of possible values, each with an associated probability, representing outcomes of a statistical experiment.