In the Equation for Calculating a Confidence Interval for a Proportion

question 49

Multiple Choice

In the equation for calculating a confidence interval for a proportion, p± z_a/2 $\sqrt { \frac { p ( 1 - p ) } { n } }$ , what does $\sqrt { \frac { p ( 1 - p ) } { n } }$ represent?

• A) the mean for the sampling distribution of the proportion
• B) the degree of freedom for the sampling distribution of the proportion
• C) the standard error for the sampling distribution of the proportion
• D) the estimator for sampling distribution of the proportion

Distinguish between nominal GDP, real GDP, and GDP deflator.

Understand the impact of population growth, inflation, and deflation on GDP and real per capita GDP.

Analyze the factors that may cause GDP to overstate or understate economic well-being.

Differentiate between final goods and intermediate goods and their roles in GDP calculation.

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