An Estimator $\hat { \mu } _ { Y }$ Of the Population Value

question 16

Multiple Choice

An estimator $\hat { \mu } _ { Y }$ of the population value $\mu _ { Y }$ is consistent if

• A) \(\hat { \mu } _ { Y } \stackrel { p } { \rightarrow } \mu _ { Y } .\)
• B) its mean square error is the smallest possible.
• C) Y is normally distributed.
• D) \(\bar { Y } \stackrel { p } { \rightarrow } 0\)

---

Definitions:

Low-Income Borrowers

Individuals or households with lower income who may face greater challenges or higher costs when trying to secure loans.

Economic Analysis

The systematic approach to determining the optimal use of scarce resources, involving comparison of costs and benefits.

Land Rent

The payment made for the use of land or real estate.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource or input.