A Variable Is Standardized in the Sample

question 24

Multiple Choice

A variable is standardized in the sample:

• A)by multiplying by its mean.
• B)by subtracting off its mean and multiplying by its standard deviation.
• C)by subtracting off its mean and dividing by its standard deviation.
• D)by multiplying by its standard deviation.

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Definitions:

International Trade

The exchange of goods, services, and capital between countries or territories, promoting global economic integration.

Trade Deficit

A scenario in which the value of a nation's imports of goods and services surpasses the value of its exports.

C + I + G + Xn

An equation representing the Gross Domestic Product (GDP) calculated by adding Consumption (C), Investment (I), Government Spending (G), and Net Exports (Exports minus Imports, Xn).

C + I + G

An economic formula representing the total aggregate demand in an economy, comprising Consumption (C), Investment (I), and Government spending (G).