Which of the Following Is an Example of Data That

question 19

Multiple Choice

Which of the following is an example of data that could be collected to study the root causes of poverty?

• A) the number of students who drop out of high school
• B) the number of people in poverty
• C) the unemployment rate
• D) the median family income

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Definitions:

GDP Deflator

A gauge for pricing of all new, native-produced, conclusive goods and services within an economy, applied to revise nominal GDP in order to compute real GDP.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by a country in a specific period in real terms.

Percentage Change

A mathematical calculation that determines the degree of change over time as a proportion of the original value, often used to measure growth or decline in economic data.

Real GDP

The calculation of a nation's economic production accounting for variations in prices, representing the actual value of all goods and services generated.