In Which Industry or Sector of the Economy Is Output

question 103

Multiple Choice

In which industry or sector of the economy is output least likely to be affected by the business cycle?

• A)housing construction
• B)automobile production
• C)agricultural commodities
• D)capital goods production

---

Definitions:

Standard Deviation

A statistical measure of the dispersion or variability in a set of values, indicating how much the values deviate from the mean of the set.

Standard Deviation

A measure of the dispersion or spread in a set of data; it shows how much variation there is from the average.

Government Agency

An organization at the national, state, or local level that administers specific functions or services to the public.

Central Tendency

A statistical measure that identifies the center or typical value of a dataset, including mean, median, and mode.