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What is the level of measurement for trade deficit in this data set?

What is the level of measurement for trade deficit in this data set?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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What is the level of measurement for trade deficit in this data set?

Select one:
A.

Interval/Ratio

B.

Ordinal

C.

Nominal

The table provides an overview of economic indicators for four nations: Armenia, Australia, Austria, and Azerbaijan. It includes information on their World Trade Organization (WTO) status, per capita GDP, trade deficit, credit ratings, and financial outlook. - **Nation**: The countries listed are Armenia, Australia, Austria, and Azerbaijan. - **WTO Status**: Armenia, Australia, and Austria are noted as members, while Azerbaijan is an observer. - **Per Capita GDP**: This represents the GDP on a per-person basis, measured in USD: - Armenia: 5,400 - Australia: 40,800 - Austria: 41,700 - Azerbaijan: 5,400 - **Trade Deficit**: This is the net trade value, indicating whether a nation imports more than it exports: - Armenia: 2,673,359 - Australia: -33,304,157 - Austria: 12,796,558 - Azerbaijan: -16,747,320 - **Fitch Rating**: This is a credit rating provided by Fitch that assesses the country's creditworthiness: - Armenia: BB- - Australia: AAA - Austria: AAA - Azerbaijan: BBB- - **Fitch Outlook**: This reflects the potential future direction of the country's credit rating: - Armenia: Stable - Australia: Stable - Austria: Stable - Azerbaijan: Positive The table highlights significant economic differences between these nations, particularly in terms of GDP and trade balances.
Transcribed Image Text:The table provides an overview of economic indicators for four nations: Armenia, Australia, Austria, and Azerbaijan. It includes information on their World Trade Organization (WTO) status, per capita GDP, trade deficit, credit ratings, and financial outlook. - **Nation**: The countries listed are Armenia, Australia, Austria, and Azerbaijan. - **WTO Status**: Armenia, Australia, and Austria are noted as members, while Azerbaijan is an observer. - **Per Capita GDP**: This represents the GDP on a per-person basis, measured in USD: - Armenia: 5,400 - Australia: 40,800 - Austria: 41,700 - Azerbaijan: 5,400 - **Trade Deficit**: This is the net trade value, indicating whether a nation imports more than it exports: - Armenia: 2,673,359 - Australia: -33,304,157 - Austria: 12,796,558 - Azerbaijan: -16,747,320 - **Fitch Rating**: This is a credit rating provided by Fitch that assesses the country's creditworthiness: - Armenia: BB- - Australia: AAA - Austria: AAA - Azerbaijan: BBB- - **Fitch Outlook**: This reflects the potential future direction of the country's credit rating: - Armenia: Stable - Australia: Stable - Austria: Stable - Azerbaijan: Positive The table highlights significant economic differences between these nations, particularly in terms of GDP and trade balances.
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