Comparing State Economies to That of the US as a Whole

question 34

Multiple Choice

Comparing State economies to that of the US as a whole shows that

• A) about half the States are in recession at any point in time
• B) when the US enters a recession, about 20% of the States experience economic expansion, and vice versa
• C) there is very little correlation between the national and regional economies
• D) there is a highly positive correlation between the national economy and most State economies
• E) the 12 Federal Reserve districts experience business cycles independently of each other

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Definitions:

Statistics Canada

The national statistical office of Canada, responsible for producing statistics to help better understand the country, its population, resources, economy, society, and culture.

Mortality Data

Information and statistics on the incidence of death within a specified population.

Importance Gap

The discrepancy between the expected importance of an attribute or factor and its perceived performance, usually in the context of service or product evaluation.

Modern Technology

Contemporary tools, devices, and techniques used to facilitate tasks and solve problems in various domains, including communication, transportation, and healthcare.