For the Data Set Below, Find the Third Quartile $\begin{array} { l l l l l l l l l l l } \hline 70 & 70 & 76 & 66 & 76 & 75 & 61 & 67 & 60 & 71 & 74 \\\hline\end{array}$

question 72

Multiple Choice

For the data set below, find the third quartile.

$\begin{array} { l l l l l l l l l l l } \hline 70 & 70 & 76 & 66 & 76 & 75 & 61 & 67 & 60 & 71 & 74 \\\hline\end{array}$

• A) 66
• B) 52.5
• C) 60
• D) 75

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Definitions:

Real GDP

The total value of all goods and services produced by an economy over a specific time period, adjusted for inflation.

Price Level

The mean of present prices for all goods and services produced within an economy, typically gauged by a price index.

Exchange Rate

the value of one currency for the purpose of conversion to another, showing how much of one currency can be exchanged for a unit of another currency.

Velocity of Money

The rate at which money circulates in the economy, indicating the number of times a unit of currency is used to purchase goods and services within a given timeframe.