Which of the Following Statements Is Most Accurate About the U.S

question 38

Multiple Choice

Which of the following statements is most accurate about the U.S. current account since the Great Recession (the period covering 2009-2015) ?

• A)The current account has remained the same in absolute terms, but fallen as a percentage of GDP.
• B)The current account has gone from a deficit to a surplus.
• C)The current account deficit has grown in absolute terms, but remained relatively constant as a percentage of GDP.
• D)The current account deficit has grown in both absolute terms, and as a percentage of GDP.

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Definitions:

Statistical Hypotheses

Statements made about the relationships between variables, specifically in terms of whether a statistical relationship exists in the population that can be tested.

Data Analysis

The process of inspecting, cleansing, transforming, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making.

Probability

A measure of the likelihood or chance that a particular event will occur, expressed as a number between 0 and 1.

Null Hypothesis

A default hypothesis that there is no significant difference or effect, used as a starting point for statistical testing.