Find the Mean of the Lognormal Variable If the Mean

question 131

Multiple Choice

Find the mean of the lognormal variable if the mean and standard deviation of the underlying normal variable are 2 and 0.8, respectively.

• A) 0.69
• B) 2.32
• C) 10.18
• D) 11.02

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Definitions:

Keynesian

Relating to the economic theories of John Maynard Keynes, focusing on how aggregate demand influences economic output and inflation.

Classical Economic Systems

An economic framework based on free markets, limited government intervention, and the belief in the efficiency of market outcomes as guided by invisible hand principles.

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A system of production, distribution, and consumption of goods and services within a particular geographical area.

Full Employment GDP

The output level produced in an economy when labor resources are fully employed, but not over-employed.