What is the level of measurement for trade deficit in this data set?Select one:A.Interval/RatioB.OrdinalC.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: PositiveThe table highlights significant economic differences between these nations, particularly in terms of GDP and trade balances.

Nominal and ordinal level of measurement are used for qualitative variables And interval or ratio…

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MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

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