The Table Below Shows National Income and Imports

question 56

Multiple Choice

The table below shows national income and imports.The level of exports is fixed at $300.All figures in the table and in the questions are in millions of dollars. TABLE 22-1 Refer to Table 22-1.What are the correct values for the level of net exports (a,b,c,and d) at each level of national income?

• A)a = $150,b = $50,c = -$50,d = -$150
• B)a = -$150,b = -$50,c = $50,d = $150
• C)a = $150,b = $250,c = $350,d = $450
• D)a = $300,b = $300,c = $300,d = $300
• E)not enough data to determine

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Definitions:

P-Charts

Control charts used for monitoring the proportion of defective items in a process over time.

Statistical Process Control (SPC)

A method of quality control which employs statistical methods to monitor and control a process, helping to ensure that it operates at its fullest potential.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, calculated as the square root of the variance.

Process Control Limits

Boundaries in a control chart within which a process operates normally, and outside of which the process may need correction.