Refer to the Accompanying Data (All ?Gures in Billions of

question 213

Multiple Choice

$$\begin{array} { | l | r | } \hline \text { Gross Investment } & \$ 18 \\\hline \text { National Income } & 100 \\\hline \text { Net Exports } & 2 \\\hline \text { Personal Income } & 85 \\\hline \text { Personal Consumption Expenditures } & 70 \\\hline \text { Saving } & 5 \\\hline \text { Government Purchases } & 20 \\\hline \text { Net Domestic Product } & 105 \\\hline \text { Statistical Discrepancy } & 0 \\\hline\end{array}$$ Refer to the accompanying data (all ?gures in billions of dollars) . The gross domestic product for this economy is

• A) $100.
• B) $95.
• C) $110.
• D) $107.

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Definitions:

Correlation

An index quantifying how two variables co-vary, showing both how strong their link is and in what manner they are related.

Time in Hours

A measurement of time duration represented in hours.

Minutes

A unit of time equal to sixty seconds or one-sixtieth of an hour.

Sales of Ice Cream

The total revenue or quantity sold of ice cream over a specified period of time.