For the Following Hypothesis

question 5

Multiple Choice

For the following hypothesis:

• A) This is a one-tailed test of the population mean with σ unknown. Therefore, the decision rule is: accept the null hypothesis if the calculated value of the test statistic, t, is greater than 1.3277. Otherwise, Reject.
• B) This is a one-tailed test of the population mean with σ unknown. Therefore, the decision rule is: accept the null hypothesis if the calculated value of the test statistic, t, is greater than 2.1727. Otherwise, reject.
• C) This is a one-tailed test of the population mean with σ unknown. Therefore, the decision rule is: reject the null hypothesis if the calculated value of the test statistic, t, is greater than 1.3277. Otherwise, do not Reject.
• D) This is a one-tailed test of the population mean with σ unknown. Therefore, the decision rule is: reject the null hypothesis if the calculated value of the test statistic, t, is greater than 2.1727. Otherwise, do not Reject.

Understand the concept of national income and how it relates to GDP, including the various forms of income that constitute national income.

Grasp how changes in productivity and price levels affect economic indicators like GDP and national income.

Analyze the implications of government purchases, net exports, and consumption on GDP.

Understand the significance of net exports and how they contribute to the GDP formula.

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Definitions:

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