In 2008,Zimbabwe Ran Out of Locally Produced Coca Cola and Local

question 208

Multiple Choice

In 2008,Zimbabwe ran out of locally produced Coca Cola and local Coke bottlers were not able to import the concentrated syrup needed to make Coke from the United States because they could not obtain U.S.dollars.A small amount of Coke was imported from South Africa,but a single bottle sold for around 15 billion Zimbabwean dollars.Zimbabwe was experiencing rapid increases in the price level,which is known as

• A)stagflation.
• B)deflation.
• C)inflation.
• D)hyperinflation.

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Definitions:

Median

The middle value in a list of numbers, which separates the higher half from the lower half.

Skewed

A skewed distribution is one where the data points tend to cluster more on one side of the scale than the other, leading to an asymmetric curve with a long tail on one end.

Symmetric

Symmetric in statistics refers to a distribution or data set where the shape on either side of the mean is a mirror image, indicating equal distribution around the center.

Mean

The arithmetic mean is obtained by adding all the values in a set and dividing the result by the total number of values.