Mastering Quantitative Skills for Economics

Interactive Video
•
Business, Mathematics
•
11th Grade - University
•
Hard
Wayground Content
FREE Resource
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7 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the different types of big numbers mentioned in the text, and how many zeros do they each have?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
Explain the process of calculating percentage changes as described in the text.
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the significance of using index numbers in economic data analysis?
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
Describe the difference between mean, median, and mode in the context of summarizing data.
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
How can extreme outliers affect the mean, and why might one prefer to use the median instead?
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6.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the range in a data set, and how is it calculated?
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7.
OPEN ENDED QUESTION
3 mins • 1 pt
Discuss the importance of ratios in economic analysis and provide an example.
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