Compute the Standard Deviation of a Variable from Raw Data $10,10,10,13,16,16,16$

question 20

Multiple Choice

Compute the Standard Deviation of a Variable from Raw Data
- $10,10,10,13,16,16,16$

• A) 3
• B) \(2.8\)
• C) \(7.7\)
• D) \(9.0\)

---

Definitions:

Real GDP

The measure of a country's economic output adjusted for price changes (inflation or deflation), reflecting the real value of goods and services produced.

Employment Level

Refers to the total number of people currently employed in the economy, indicative of its health and labor market status.

Price Level

An index that measures the average prices of goods and services in an economy at a given time.

AS Curve

The Aggregate Supply curve, depicting the total supply of goods and services that firms in an economy will produce at different price levels.