When Constructing a Frequency Distribution, Classes Should Be Selected in Such

question 95

True/False

When constructing a frequency distribution, classes should be selected in such a way that they are of equal width.

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Definitions:

Natural Rate

The unemployment rate at which the economy operates at full employment, where inflation is stable without accelerating.

Unemployment

A situation where individuals who are capable of working and are actively seeking a job are unable to find employment.

Labor Force

The sum of individuals in a country or particular region who have jobs or are actively looking for work.

Inflation Rate

The proportionate escalation in prices for goods and services within an economy during a specified time period.