An Increase in GDP Should Lead to a Decrease in Imports

question 48

True/False

An increase in GDP should lead to a decrease in imports.

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Definitions:

Alternative Hypothesis

A theory that proposes there is a statistically significant relationship between two variables, contrasting the null hypothesis.

Criterion Statistic

A statistical value used as a benchmark to evaluate the performance or significance of a test result, often guiding decision-making in hypothesis testing.

Null Hypothesis

A statement used in statistics that there is no significant effect or difference for a specific population parameter being tested.

Null Hypothesis

A statement or assumption that there is no significant difference or effect, acting as the default position that is tested against the alternative hypothesis.