A Variable Definition Always Specifies the Name of a Variable

question 29

Multiple Choice

A variable definition always specifies the name of a variable and tells

• A) what type of data it can hold.
• B) how many times it will be used in the program.
• C) the part of the code where it will be used.
• D) what its starting value is.
• E) all of the above.

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Definitions:

Independent Goods

Products whose demand is not influenced by the price or availability of other goods.

Substitute Goods

Products or services that can be used in place of each other, serving similar needs or purposes for consumers.

Income Elasticity Coefficient

A measure that shows how much the demand for a good or service changes in response to a change in consumers' income.

Recessions

are characterized by a significant decline in economic activity spread across the economy, lasting more than a few months, visible in industrial production, employment, real income, and wholesale-retail trade.