Table 11.1 -Refer to Table 11.1. at the Equilibrium Level of Output

question 46

Multiple Choice

Table 11.1

-Refer to Table 11.1. At the equilibrium level of output, y*, what is the trade balance?

• A) -1,345.00
• B) -985.00
• C) -276.25
• D) -186.25

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Definitions:

Expected Count

The predicted number of occurrences in a category for a statistical experiment based on probability theories.

Null Hypothesis

An alternative definition: The presumption used in statistical testing that indicates no significant difference or effect in a given experiment or observation.

Proposed Change

A suggestion put forward for consideration by others to make alterations or modifications to an existing situation or document.

Alternative Hypothesis

In statistical hypothesis testing, a statement that contradicts the null hypothesis and indicates a new theory or finding is expected.