If the Requirements for Use of Chi-Square Cannot Be Met

question 12

Multiple Choice

If the requirements for use of chi-square cannot be met, what statistical test can be substituted for it?

• A) the median test
• B) McNemar's test
• C) Fisher's exact
• D) Cramer's V

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Definitions:

Equilibrium GDP

The level of Gross Domestic Product at which aggregate supply equals aggregate demand, leading to an economy operating at full capacity without inflationary pressures.

Full Employment GDP

The level of gross domestic product achieved when there is no cyclical unemployment in the economy, representing an ideal economic state where all willing and able workers find employment.

Economic Problem

When we have limited resources available to fulfill society’s relatively limitless wants.

Unemployment

The situation in which individuals who are capable of working and actively seeking employment are unable to find a job.