Improvements in a Country's Standard of Living Are Brought About

question 45

Multiple Choice

Improvements in a country's standard of living are brought about in the long run by

• A) immigration policy.
• B) technological progress.
• C) taxes.
• D) growth in the population.
• E) constructing more machines and buildings.

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Definitions:

Histogram

Graph that uses vertical bars to represent the frequencies of a set of variables. The measured values found within the distribution are listed on the horizontal axis (x-axis) and frequency counts are placed on the vertical axis (y-axis).

Bar Graph

A chart that represents categorical data with rectangular bars with lengths proportional to the values they represent.

Frequency Polygon

Variation of a histogram where rather than a series of vertical bars, a line is drawn to connect the midpoint for each of the different measured variables in the distribution.

Central Tendency

A statistical measure that indicates the center or the middle of the distribution.