If Potential GDP Is $330 Billion and There Is a Positive

question 226

Multiple Choice

If potential GDP is $330 billion and there is a positive GDP gap of $30 billion, actual GDP is

• A) $300 billion.
• B) $30 billion.
• C) $360 billion.
• D) $630 billion.

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Definitions:

Null Hypotheses

A hypothesis that there is no significant difference or effect and any observed difference is due to chance.

Research Hypotheses

Predictive assertions by scientists about the connection between multiple variables.

F Statistic

A statistic used to determine the ratio of two variances to test the hypothesis of equal variances.

Pairwise Comparisons

Statistical analyses involving the comparison of all possible pairs in a group to determine if significant differences exist between them.