If the Cost of a Typical Market Basket in 2019

question 46

Multiple Choice

If the cost of a typical market basket in 2019 is 400 and the cost of a typical market basket in 2020 is 390, then during this period the economy is undergoing

• A) inflation.
• B) disinflation.
• C) deflation.
• D) hyperinflation.

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Definitions:

Sports Drinks

Drinks formulated to assist sportspeople in rehydrating, along with restoring electrolytes, sugar, and various nutrients, amid or following exercise.

ANOVA

Analysis of Variance, a statistical method used to assess whether there are significant differences between the means of three or more groups.

MST

An abbreviation that could refer to multiple subject terms, one common being Minimum Spanning Tree, a concept in graph theory used to minimize the path lengths connecting all points in a network.

MSE

Mean Squared Error, a measure of the quality of an estimator—it is always non-negative, and values closer to zero are better.