The Number Calculated by Adding a Series of Values and Then

question 27

Multiple Choice

The number calculated by adding a series of values and then dividing by the number of values is referred to as the

• A) mean.
• B) mode.
• C) median.
• D) percentage.

---

Definitions:

Winter

The coldest season of the year, occurring between autumn and spring.

Disinflation

A slowdown in the rate of inflation, marked by a gradual decrease in the general price level of goods and services over time.

Purchasing Power

The ability of an individual, firm, or group to purchase goods and services with a given unit of currency.

Price Level

The average cost across all sectors of goods and services produced in the economy.