A Graph of a Distribution Showing the Frequency of Each

question 27

Multiple Choice

A graph of a distribution showing the frequency of each response in the distribution is called a ______.

• A) frequency distribution
• B) line graph
• C) scatterplot
• D) bar graph

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Definitions:

Twin Deficits

Refers to the situation where a country is running both a fiscal deficit (government spending exceeds revenue) and a current account deficit (imports exceed exports).

Budget Deficit

The condition when a government spends more than its income, requiring it to borrow money or accumulate debt to cover the gap.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, leading to negative balance of trade.

Real Exchange Rate

A measure that adjusts the nominal exchange rate by the relative prices of domestic and foreign goods and services, reflecting the purchasing power of two currencies.