Which of the Following Is Considered a Service in the Calculation

question 147

Multiple Choice

Which of the following is considered a service in the calculation of GDP?

• A)Reclining chairs.
• B)Photographs.
• C)Tax preparation.
• D)Automobiles.

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Definitions:

Standard Error

The standard deviation of the sampling distribution of a statistic, most commonly of the mean.

Sample Standard Deviation

A measure of the amount of variation or dispersion of a set of sample values, indicating how much the values differ from the mean of the sample.

Sampling Distribution

A statistical distribution that emerges from conducting numerous samples within a particular population base.

Sample Proportion

The ratio of members in a sample meeting a certain criterion to the total number of members in the sample, serving as an estimate of the population proportion.