If the Performance on One Test Is Highly Related to the Performance

question 10

Multiple Choice

If the performance on one test is highly related to the performance on another,the abilities measured by the two tests are interrelated and called a

• A) test.
• B) trait.
• C) factor.
• D) correlation.

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Definitions:

Disposable Income

Monetary assets available for households to invest in spending and saving after tax obligations.

Saving

The process of setting aside a portion of current income for future use, or the funds that have been set aside for such purposes.

Disposable Income

Financial holdings households can direct towards spending and saving activities after tax deductions.

Consumption

The act of using up goods and services to satisfy human needs and wants, considered a principal component of GDP.