In September 2000, the United Nations Adopted an Initiative Known

question 4

Multiple Choice

In September 2000, the United Nations adopted an initiative known as the UN Millennium Declaration.Its intention was to take active steps toward eliminating poverty, HIV/AIDS, hunger, and other global issues adversely affecting humanity by 2015.The UN consistently tracks each country's progress by recording data on numerous markers that provide an indication of the country's compliance with these "Millennium Development Goals." The data for each country are summarized by year in tabular format (see http://www.un.org/millenniumgoals/stats.shtml) .The organization of these raw data into a more user-friendly table format is an example of:

• A) inferential statistics.
• B) the scientific method.
• C) descriptive statistics.
• D) population statistics.

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Definitions:

Real Exchange Rate

The price of one country's currency in terms of another currency, adjusted for inflation, which reflects the purchasing power between the two countries.

Surplus

The situation in which the quantity of a good or service supplied is more than the quantity demanded.

Import Quotas

Restrictions set by a government on the quantity of goods that can be imported into a country.

Net Exports

The value of a country's total exports minus its total imports, representing the net effect of foreign trade on an economy.