In an Open Economy,there Should Be a Close Positive Relationship

question 41

Multiple Choice

In an open economy,there should be a close positive relationship between

• A)budget deficits and interest rates.
• B)trade deficits and budget deficits.
• C)savings and investment.
• D)investment and consumption.
• E)none of the above.

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Definitions:

Mean

The average of a set of numbers, calculated by dividing the sum of the values by the number of values.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values are.

Statistical Inference

The process of using data obtained from a sample to make estimates or test hypotheses about the characteristics of a population.

Population

A group of individuals, objects, or events that share common characteristics and are studied in statistics to draw inferences about their properties.