The ______________ Is a Quantity That Measures the Variation of a Population

question 62

Multiple Choice

The ______________ is a quantity that measures the variation of a population or sample relative to its mean.

• A)Mean
• B)Standard deviation
• C)Range
• D)Coefficient of variation
• E)Z-score

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Definitions:

Automatic Stabilizers

Structural features of government spending and taxation that reduce fluctuations in disposable income, and thus consumption, over the business cycle.

Net Taxes

The total taxes paid to the government after subtracting transfers and government spending directly beneficial to the taxpayer, such as social security or unemployment benefits.

Disposable Income

The finance households possess for setting aside savings and covering expenses, following income tax deductions.

Consumption

The use of goods and services by households.