Refer to the Information Provided in Table 6

question 107

Multiple Choice

Refer to the information provided in Table 6.9 below to answer the questions that follow.
Table 6.9
-Refer to Table 6.9. Assume that this economy produces only two goods Good X and Good Y. The value for this economy's nominal GDP in year 2 is

• A) $168.
• B) $179.
• C) $202.
• D) $214.

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Definitions:

Percentiles

Values or scores below which a given percentage of observations in a group of observations fall.

Decile

A statistical measure dividing a dataset into ten equal parts, each containing 10% of the data points.

Median

The middle value in a set of data, where half the numbers are above it and half are below, when the data is arranged in ascending order.

Box Plot

A graphical representation of data that displays the distribution's five-number summary: minimum, first quartile, median, third quartile, and maximum.