Use the Following Table to Answer the Next Question

question 66

Multiple Choice

Use the following table to answer the next question. All values are measured as a percent of GNP.Table 9.2

-Based on Table 9.2,total savings,private plus public,is equal to

• A)3 percent of GNP.
• B)18 percent of GNP.
• C)16 percent of GNP.
• D)20 percent of GNP.

Use z-scores to determine the proportion of data above or below a certain value.

Apply knowledge of normal distribution to practical examples involving measurements like exam scores and speeds.

Calculate standard deviations given specific conditions in a normal distribution model.

Determine means of distributions given certain percentages and standard deviations.

---

Definitions:

Relevant Range

It refers to the span of activity within which the assumptions about fixed and variable cost behaviors hold true.

Contribution Margin

The amount of revenue left after deducting all variable costs associated with producing and selling a product, indicating how much contributes towards covering fixed costs and generating profits.

University Store

Not specific enough to provide a definition without context but generally refers to a retail outlet or bookstore operated by or on behalf of a college or university.

Sunk Cost

An expense that has been paid and cannot be retrieved.