What is the level (or scale) of measurement for each variable? Nominal, ordinary, or ratioWTO StatusPer Capita GDPTrade DeficitFitch RatingFitch Outlook **Table: Economic Indicators of Selected Nations**| Nation | WTO Status | Per Capita GDP | Trade Deficit | Fitch Rating | Fitch Outlook ||-------------|------------|----------------|----------------|--------------|---------------|| Armenia | Member | 5,400 | 2,673,359 | BB- | Stable || Australia | Member | 40,800 | -33,304,157 | AAA | Stable || Austria | Member | 41,700 | 12,796,558 | AAA | Stable || Azerbaijan | Observer | 5,400 | -16,747,320 | BBB- | Positive |**Explanation of Columns:**- **Nation**: The name of the country.- **WTO Status**: Indicates whether the country is a member or an observer in the World Trade Organization.- **Per Capita GDP**: The average economic output per person, expressed in currency units.- **Trade Deficit**: The amount by which a country's imports exceed its exports. Negative numbers indicate an excess of imports over exports.- **Fitch Rating**: A credit rating given by Fitch Ratings, indicating the country's creditworthiness.- **Fitch Outlook**: The anticipated direction of the country's credit rating, categorized into Stable, Positive, or Negative.

Answered: What is the level (or scale) of…

What is the level (or scale) of measurement for each variable? Nominal, ordinary, or ratio WTO Status Per Capita GDP Trade Deficit Fitch Rating Fitch Outlook

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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