The Differences in the Ratios of Exports to GDP Across

question 11

Multiple Choice

The differences in the ratios of exports to GDP across countries are believed to be caused primarily by:

• A) geography and size.
• B) fiscal policy.
• C) monetary policy.
• D) trade barriers.
• E) the inflation differential between countries.

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Definitions:

T-Distribution

A type of probability distribution that is symmetric and bell-shaped, but with heavier tails than a normal distribution, used especially in statistics for small sample sizes.

Normally Distributed

Refers to a type of probability distribution that is evenly balanced around the mean, indicating that values close to the mean occur more often than values further from the mean.

Population

The entire group of individuals or instances about whom the data is collected and which the statistical analysis is based upon.

Confidence Interval

A span of values, coming from sample observations, expected to include the value of a not-yet-identified population characteristic.