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Which of the Following Relates to the Concept of Income

question 53

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Which of the following relates to the concept of income?


Definitions:

Construct Validity

The extent to which a test or instrument accurately measures the theoretical, non-observable constructs it is designed to assess.

Predictive Validity

The degree to which a measurement or test score forecasts future results on a connected outcome.

Concurrent Validity

A measure of how well a particular test predicts outcomes based on comparison with other measures that are administered at the same time.

Face Validity

The extent to which a test appears to measure what it is supposed to measure, based on an informal and subjective evaluation.

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