Computer Generated Randomizations of a Set of Numbers

question 9

Multiple Choice

Computer generated randomizations of a set of numbers

• A) Truly represent a random ordering
• B) Are not truly random
• C) May or may not be truly random, depending upon how they are calculated
• D) May or may not be truly random, depending upon whether or not you have used a proprietary randomization site

Recognize the circular-flow diagram and its components, including the roles of households and firms.

Identify the transactions included and excluded in GDP calculation.

Analyze the implications of GDP growth for economic well-being.

Differentiate between nominal and real GDP and understand the effects of inflation.

---

Definitions:

Social Institutions

Complex social forms that reproduce themselves such as governments, the family, human languages, universities, hospitals, business corporations, and legal systems.

Casual Conversation

Informal exchange of information and ideas between individuals without specific purpose or structure.

Friends

Individuals with whom one shares a bond of mutual affection, typically exclusive of sexual or family relations.

Men

Adult human males, often discussed in the context of gender roles, expectations, and sociological impacts on behavior and society.