GDP Is a Measure of the Total Output of an Economy

question 72

True/False

GDP is a measure of the total output of an economy.

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Definitions:

Mean

Value equal to the sum of all the items in the group divided by the number of items in that group; what people refer to when they use the term average.

Median

A statistical measure representing the middle value in a data set, where half the numbers are above and half are below.

Mode

The number that occurs more often than any other in a sample.

Evidence

Material or information used to support facts or propositions in various contexts, such as legal or scientific.