The Following Is a Simple Frequency Distribution Table

question 53

Multiple Choice

The following is a simple frequency distribution table.If we convert this frequency distribution to relative percentages,which of the following gives the corresponding relative percentages in each interval?

• A) 20%, 33%, 50%, 67%, and 100%
• B) 0.2, 0.13, 0.17, 0.33, and 0.17
• C) 20%, 13%, 17%, 33%, and 17%
• D) 6, 10, 15, 25, and 30

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Definitions:

Expansionary Gap

A situation where real GDP exceeds potential GDP, often leading to inflationary pressures due to high demand in an economy.

Equilibrium Output

The level of output where the quantity of goods and services produced equals the quantity of goods and services demanded.

Expansionary Gap

A situation in macroeconomics where the actual output in an economy exceeds the potential output, traditionally leading to inflation.

Actual Price Level

The current market prices of goods and services, reflecting the real value of money and the purchasing power of consumers.