Considering the Chart Below, What Is the Probability That If

question 65

Multiple Choice

Considering the chart below, what is the probability that if you select one person at random that they have committed a violent crime and were over 40 years of age?

• A) 36.7%
• B) 5.6%
• C) 18.1%
• D) 9.3%

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Definitions:

Aggregate Expenditure

The complete volume of financial outflows in an economy, capturing household consumption, corporate investment, expenditures by the government, and net foreign trade.

Expansionary Monetary Policy

Refers to a monetary policy strategy used by central banks to increase the money supply and typically lower interest rates to stimulate economic growth.

Aggregate Expenditure

The combined total of all economic spending, covering individual consumption, investments made by companies, governmental acquisitions, and the net balance of trade.

Aggregate Demand

The total demand for all goods and services within an economy at a given overall price level and within a given time period.