National Saving Is Defined as

question 19

Multiple Choice

National saving is defined as

• A)income less consumption and government purchases.
• B)income less consumption, government purchases, and investment.
• C)income less consumption.
• D)income less government purchases, investment, and net exports.
• E)income less consumption, government purchases, investment, and net exports.

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Definitions:

Kruskal-Wallis Test

A nonparametric test used to compare three or more groups based on ranks of data points rather than means or medians.

One-tail

One-tail refers to one-sided tests in hypothesis testing where the critical area of a distribution is one-sided, either to the right or left, focusing on a specific direction of interest.

Two-tail

A term used in statistical tests where the critical region is split between both ends of the distribution, testing for either significantly greater or lesser outcomes than the expected value.

Kruskal-Wallis Test

A non-parametric method for testing whether samples originate from the same distribution, often used as an alternative to one-way ANOVA when the assumptions of ANOVA are not met.