Use the Figure Below to Answer the Following Questions

question 159

Multiple Choice

Use the figure below to answer the following questions.
Figure 11.2.1
There are no exports or imports in this economy.
-Refer to Figure 11.2.1.When real GDP is equal to Y_a, then aggregate planned expenditure

• A)exceeds real GDP, and real GDP increases.
• B)exceeds real GDP, and real GDP decreases.
• C)is less than real GDP, and real GDP decreases.
• D)is equal to real GDP, and real GDP neither increases nor decreases.
• E)is less than real GDP, and real GDP increases.

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Definitions:

Margin of error

An indicator of the precision of an estimate, representing the range within which the true population parameter is expected to lie with a certain confidence level.

Confidence interval

A reach of numerical outputs, from sampling statistics, with the potential to cover the hidden value of a population parameter.

True proportion

The actual ratio or fraction of individuals or items within a population that possesses a particular characteristic.

Random sample

A sample drawn from a population in such a way that every member of the population has an equal chance of being selected.