The Table Below Shows the Cyclically-Adjusted Budget Deficit as a Percentage

question 105

Multiple Choice

The table below shows the cyclically-adjusted budget deficit as a percentage of GDP over a five-year period. Refer to the information above. In which year was fiscal policy turning more expansionary?

• A) Year 2
• B) Year 3
• C) Year 4
• D) Year 5

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Definitions:

Dependent

In statistics, a variable whose value depends on the influence or measurement of another variable.

Proportion

A statistical measure that represents the fraction of the total number of outcomes in a given category relative to the total number of outcomes in all categories.

Observations

Data collected or measured during an experiment or survey. They are the individual values recorded during the statistical study.

Fair Die

An idealized die where each face has an equal probability of landing up, implying fairness and randomness in the outcome.