In Round Figures, Approximately ______ of North Americans of European

question 100

Multiple Choice

In round figures, approximately ______ of North Americans of European descent are lactose intolerant.

• A) 5%
• B) 10%
• C) 20%
• D) 25%

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Definitions:

Price Level

The combined average cost of all goods and services manufactured within the economy.

Deflation

A decrease in the general price level of goods and services, often indicating an economy in contraction.

Aggregate

A total or sum, often used in economics to describe combined quantities like total output or income.

Frictional Unemployment

represents short-term unemployment that occurs when workers are between jobs or entering the labor force for the first time.