Refer to the Following Table When Answering
Table 11

question 70

Multiple Choice

Refer to the following table when answering
Table 11.1: Real Growth Rates: 1950-2012
$$\begin{array} { l c c } \hline & \text { Mean } & \text { St Dev } \\\hline \text { Output } & 3.26 & 2.71 \\\text { Household Consumption } & 3.37 & 2.15 \\\text { Firm Investment } & 4.60 & 12.72 \\\text { Government Expenditures } & 2.76 & 6.15 \\\hline\end{array}$$
-You are given the data in Table 11.1, which covers the period 1950-2012. "Mean" is the average growth over the period and "St Dev" is the standard deviation of the growth (a measure of volatility) of real output, consumption, investment, and government expenditures. From this information, you conclude that:

• A) households smooth their consumption more than other sectors
• B) firms do not base their decisions on more than the potential GDP
• C) foreigners are fickle consumers
• D) government expenditures are zero
• E) government expenditures are constant

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Definitions:

Disputants

Individuals or parties involved in a discord, disagreement, or dispute.

Argument

A discussion in which the parties involved express disagreement with each other's opinions or decisions.

Without Resolving

Continuing in a state of conflict or uncertainty without reaching a conclusion or solution.

Conflict-Habituated Marriage

The partners fight both verbally and physically but don’t believe that fighting is a good reason for divorce.