Suppose Exports Are $1850 and Imports Are Given by IM

question 10

Multiple Choice

Suppose exports are $1850 and imports are given by IM = 0.13Y.At what level of national income will net exports equal zero?

• A)$0
• B)$277
• C)$1573
• D)$14 231
• E)$27 750

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Definitions:

Criterion-related Validity

The extent to which a measure is associated with an external criterion or outcome, assessing the test's predictive or concurrent accuracy.

Content Validity

The extent to which a test measures all aspects of the concept it intends to measure.

Criterion-related Reliability

A measure of how well a test predicts or correlates with a specific outcome or behavior, used to assess the validity of the test for specific purposes.

Construct Validity

The extent to which a test or instrument measures the theoretical concept or construct that it is intended to measure.