The concept of 'Algorithmic Transparency' refers to:
A. Only the source code of open-source software
B. The complete secrecy of all algorithms
C. The degree to which the functioning, criteria and effects of algorithms used by platforms or public authorities can be understood and scrutinised
D. Only human decision-making without algorithms
Answer: Option C
Solution (By JKSSB Mock Tests)
Algorithmic transparency concerns the extent to which the logic, data and outcomes of algorithmic systems are open to inspection, explanation and accountability by users, regulators or the public.
Explanation:
Intergenerational equity requires that the burden of financing public expenditure and debt is distributed fairly across generations so that future generations are not unduly burdened.
Explanation:
Empirical studies often find 'excess sensitivity' of consumption to current income, suggesting that liquidity constraints, myopia or other factors cause departures from pure permanent-income behaviour.
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