Bolivia Had a Smaller Budget Deficit in 2003 Than in 2002.Other

question 6

Multiple Choice

Bolivia had a smaller budget deficit in 2003 than in 2002.Other things the same,we'd expect this reduction in the budget deficit to have

• A)raised interest rates and investment.
• B)raised interest rates and reduced investment.
• C)reduced interest rates and raised investment.
• D)reduced interest rates and investment.

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Definitions:

Median

The middle value in a sorted list of numbers, dividing the dataset into two halves.

Influenced By Outliers

This describes the impact that anomalous data points, which differ significantly from other observations, have on statistical analyses, potentially skewing the results.

Mean

The mean is a measure of central tendency that is calculated by adding up all values in a dataset and dividing by the number of values.

Variance

The statistical measurement of the spread between numbers in a data set, indicating how much the elements differ from the mean.