Because Economists Understand What Things Change GDP, They Can Predict

question 67

True/False

Because economists understand what things change GDP, they can predict recessions with a fair amount of accuracy.

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Definitions:

Range

The difference between the highest and lowest scores in a set of data.

Standard Deviation

A measure of the amount of variability or dispersion of a set of data values, indicating how much variation there is from the average (mean).

Range

The difference between the highest and lowest values in a data set.

Score

A numerical expression representing a particular value or quantity, especially as assigned during or after an evaluation or test.