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Compare and contrast the primary measures of central tendency (mode, median, mean). What do each of these measures tell us about data?
Real GDP Per Person
Real GDP per person measures the value of all finished goods and services produced within a country in a specific period, adjusted for inflation, per capita.
Savings Rate
The proportion of disposable income that is saved by households rather than spent, often expressed as a percentage.
Net Exports
The value of a country's total exports minus its total imports, a critical component of a nation's gross domestic product (GDP).
Saving
The act of setting aside a portion of current income for future use, typically by depositing money in savings accounts or investing in securities.
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