C = 26 + 0

question 8

Multiple Choice

C = 26 + 0.75Y I g = 60 X = 24
M = 10
(Advanced analysis) The equations give information for a private open economy.The letters Y, C, I g, X, and M stand for GDP, consumption, gross investment, exports, and imports, respectively.Figures are in billions of dollars.The multiplier for the economy is

• A)4.6.
• B)3.33.
• C)5.0.
• D)4.0.

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Definitions:

Null Hypothesis

A statement or assumption that indicates no statistical significance or effect, typically that there is no difference between groups or variables.

Standard

A recognized level of quality or attainment or a rule established by authority, custom, or general consent.

Probability

The quantification of the probability that an event will take place, represented by a numeric value ranging from 0 to 1.

IUPAC Name

The methodical approach to naming chemical compounds, as endorsed by the International Union of Pure and Applied Chemistry.