Which One of the Following Statements Is True About a Variable

question 13

Multiple Choice

Which one of the following statements is true about a variable?

• A) It performs various operations on data
• B) It is a set of programming statements to perform a specific task
• C) It is a storage location in memory represented by a name
• D) It is a key element of the graphical user interface

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Definitions:

High Inflation

A situation where there is a sustained, rapid increase in the general price level of goods and services in an economy over a period, eroding purchasing power.

High Unemployment

A condition where a large portion of the workforce is not employed, indicating a distressed economy.

Phillips Curve

An economic concept that depicts an inverse relationship between the rate of unemployment and the rate of inflation in an economy.

Aggregate Demand

Sum of all requests for goods and services within an economic system at a certain unified price level over a specified period.