-The Above Table Gives Data for the Nation of Mouseville

question 92

Multiple Choice

-The above table gives data for the nation of Mouseville. There are no imports into or exports from Mouseville. If real GDP is equal to $400 billion then,

• A) aggregate expenditure is $450 billion.
• B) unplanned inventory is -$200 billion.
• C) aggregate expenditure is equal to consumption expenditure.
• D) unplanned inventory is $200 billion.
• E) unplanned inventory is -$300 billion.

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Definitions:

Skewed

A description of a statistical distribution that is not symmetrical, indicating that data points tend to extend more to one side of the mean than the other.

Median

The middle value of a data set when it is ordered from least to greatest, separating the higher half from the lower half.

Ordered Data Set

A collection of objects or numbers arranged in a natural, chronologically sequential or hierarchical order.

Median

The value separating the higher half from the lower half of a data sample, a population, or a probability distribution, often used as a measure of central tendency.