If Consumption Is Given by C = 300

question 44

Multiple Choice

If consumption is given by C = 300 + .6 (Y-T) and I = 300 - 40r,the IS curve is

• A)Y = 600 - 2.4T - 40r + G.
• B)Y = 600 + .6Y -100r - G
• C)Y = 1500 - 1.5T - 100r + 2.5G
• D)Y = 1500 + .6T - 100r - G
• E)none of the above.

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Definitions:

Binomial Distributions

A type of probability distribution that describes the number of successes in a fixed number of binary (yes/no) experiments.

Discrete Random Variables

Variables in statistics that can take on a countable number of distinct values and are not continuous.

Simple Random Sample

A subset of individuals chosen from a larger set such that every individual has an equal chance of being selected.

Sample Proportion

The fraction of observations in a sample that belong to a certain category, serving as an estimate of the proportion in the population.