Consider the Net Export Function (NX)

question 5

Multiple Choice

Consider the net export function (NX) .An increase in foreign income,other things being equal,is assumed to cause the NX function to

• A)shift parallel upward.
• B)shift parallel downward.
• C)pivot downward.
• D)pivot upward.
• E)remain stationary.

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Definitions:

Population Parameter

A population parameter is a numerically fixed characteristic or measure of an entire population, such as mean or variance.

Standard Normal Distribution

A normal distribution with a mean of zero and a standard deviation of one, used as a reference in statistical analysis.

Confidence Interval

A continuum of figures obtained from a sample's statistics, likely to envelop the value of an unknown population characteristic.

Population Proportion

The fraction of individuals in a population having a particular attribute, representing a particular kind of population parameter.