The Data Show Argentina's GDP (Using Purchasing Power Parity) in Billions

question 320

Multiple Choice

The data show Argentina's GDP (using purchasing power parity) in billions of dollars. Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
GDP($) 182 209 235 255 277 274 294 324 340 333 338 330 300 333 373 420 470
The data show that

• A) Argentina's economy reached a peak in 1998.
• B) GDP per person increased between 1990 and 2006.
• C) Argentina's potential GDP doubled between 1990 and 2006.
• D) Argentina's economy entered a recession in 2000.

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Definitions:

Measures Of Central Tendency

Indicators of what is occurring in the mid-range or “center” of a group of scores. Three measures of central tendency are the mean, median, and mode.

Variability

The degree of dispersion or spread in a set of data points, indicating how much the scores differ from each other and from the average.

Mean

The mean value of a collection of numbers, determined by summing all the numbers and then dividing by the total count of those numbers.

Mode

The value that appears most frequently in a given set of data.