Which of the Following Is True

question 8

Multiple Choice

Which of the following is true?

• A)A recession is defined as two or more successive quarters in which the economy shrinks instead of grows.
• B)A recession is defined as two or more quarters in which unemployment rates are above 7 percent.
• C)Unemployment is defined as the total number of workers who are not in the workforce in any given quarter.
• D)Inflation is defined as a sudden rise in prices for hot commodities such as gasoline and electronics.
• E)All of these choices are true.

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Definitions:

Extreme Scores

Values in a data set that are significantly higher or lower than the majority of the data, potentially acting as outliers.

Variability

Indicates the extent to which data points in a data set differ from the mean or each other.

Variance

A statistical measurement of the spread between numbers in a data set, representing how much the numbers differ from the average of the numbers.

Measures of Central Tendency

Statistical indices that describe the center point or typical value of a dataset, including the mean, median, and mode.