The Effective Use of Statistics Can Best Be Achieved by Following

question 32

Multiple Choice

The effective use of statistics can best be achieved by following all of the guidelines with the exception of

• A)limiting the number of statistics used in a speech.
• B)rounding off numbers so listeners can understand and retain them.
• C)selecting current statistics.
• D)remembering that statistics are a numerical picture of how something was at a particular time.
• E)using as many statistics as possible to impress the audience with how much you know about your topic.

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Definitions:

Real Variables

Economic variables measured in terms of physical quantities or adjusted for changes in prices over time, excluding inflation or deflation effects.

Nominal Variables

Variables measured in monetary terms without adjusting for changes in price levels or inflation.

Inflation Theory

is the set of various theories explaining the cause and effects of increasing prices or inflation in an economy.

Price Level

Reflects the average of current prices across the entire spectrum of goods and services produced in the economy, serving as a measure of inflation.