According to the Data on Real U.S.GDP

question 53

Multiple Choice

According to the data on real U.S.GDP,

• A)economic growth has been irregular, with periodic downturns.
• B)economic growth has been consistent, with few downturns.
• C)economic growth has been extremely rapid, but with major collapses.
• D)economic growth has been elusive, but downturns have been eliminated.

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Definitions:

Data Analytics

Data analytics involves the process of examining datasets in order to draw conclusions about the information they contain, increasingly using specialized systems and software to identify trends, patterns, and insights.

Information

Data that has been processed, organized, or structured in a way that adds context or meaning, making it useful for decision-making.

Local Unemployment

The percentage of the workforce that is not employed within a specific geographical area.

National Unemployment

The percentage of the labor force that is unable to find employment, considered an important indicator of the economic health of a country.