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The box plot shown below was constructed for the amount of soda that was poured by a filling machine into 12-ounce soda cans at a local soda bottling company.
We see that one soda can received 12.30 ounces of soda on the plot above. Based on the box plot
Presented, how would you classify this observation?
National Output
National Output is the total value of all goods and services produced by an economy over a specific period, typically measured as GDP.
Inflation
Inflation is the rate at which the general level of prices for goods and services is rising, eroding purchasing power.
Employment
The condition of having paid work, or the relationship between an employer and an employee where the employee provides labor in exchange for compensation.
Positive Economics
The branch of economics that focuses on describing and explaining economic phenomena as it actually exists.
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