Explain How It Is Possible for the Sum of Government

question 49

Essay

Explain how it is possible for the sum of government, consumption, and investment expenditure shares of GDP to exceed one.

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Definitions:

Expected Frequencies

The predicted counts in each category of a contingency table under the assumption that no association exists between variables.

Fisher's Exact Test

Chi-square statistic used if any of the expected frequencies in a sample of data are less than 5.

Yates' Correction

A statistical procedure applied to the chi-squared test for 2x2 contingency tables to correct for the discontinuity error.

Expected Frequencies

Quantitative descriptions of the number of occurrences of events expected to happen in a scientific experiment based on probability distributions.