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Consider a simple macro model with a constant price level and demand-determined output.The equations of the model are: C = 150 + 0.84Y,I = 400,X = 130,IM = 0.08Y,T = 0.Equilibrium national income is 5000 when G is equal to
Hypotheses
Propositions set forth for testing, to be accepted or rejected based on evidence from statistical analysis.
Confidence Interval
A sweep of values, pulled from statistical evaluations of samples, likely to carry the value of a hidden population parameter.
Finite Population
A population set with a limited number of elements or members, making it possible to enumerate its elements.
Sample Size
The total count of individual pieces of data used in a statistical analysis, reflecting the amount of information included in the study.
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