The "Cyclically Adjusted Budget" Refers To

question 73

Multiple Choice

The "cyclically adjusted budget" refers to:

• A)the inflationary impact which the automatic stabilizers have in a full-employment economy.
• B)that portion of a full-employment GDP which is not consumed in the year it is produced.
• C)the size of the federal government's budgetary surplus or deficit when the economy is operating at full employment.
• D)the number of workers who are underemployed when the level of unemployment is 7 to 8 percent.

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Definitions:

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of values around the mean (average) of the set.

Raw Scores

Pure data collected from assessments or tests before any processing or normalization.

Test-retest Reliability

The consistency of a test's results when administered to the same individuals at two different points in time.

Internal Consistency

Measures the reliability of a test based on the correlations between different items on the same test; it assesses the coherence of an instrument.