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Expenditures by Households on Education Are Included in the Consumption

question 209

True/False

Expenditures by households on education are included in the consumption component of GDP.


Definitions:

Population Mean

The average value of a characteristic in the entire population being studied.

Standard Deviation

A metric indicating the extent of difference or scattering among a series of figures.

Variability

The measure of how much data points in a set diverge from the average or mean value, indicating the spread or dispersion of the dataset.

Standard Deviation

A measure that is used to quantify the amount of variation or dispersion of a set of data values.

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