The Following Two Statements Are Equivalent in Meaning

question 46

True/False

The following two statements are equivalent in meaning:
A.The test of significance for a specific regression coefficient in a multiple regression model is a test of significance for adding that variable into the model given the other variable is included.
B.The t test for a regression coefficient is actually a test for the contribution of that independent variable.

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Definitions:

Net Exports

The value of a country's total exports minus its total imports, representing the balance of trade.

Trade Surplus

A situation where a country's exports exceed its imports, indicating that it is selling more goods and services to other countries than it is buying.

U.S. Exports

Goods, services, and capital sent from the United States to other countries, contributing to the country's economy.

Net Capital Outflow

The difference between a country's savings and its domestic investments, representing the amount of money that flows out of the country to invest abroad minus the amount of money that flows into the country from foreign investors.