In 2009, the Approximate Percentage of GDP in the United

question 56

Multiple Choice

In 2009, the approximate percentage of GDP in the United States that was spent on consumption was approximately:

• A)67 percent.
• B)50 percent.
• C)31 percent.
• D)16 percent.

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Definitions:

Sample Size

Refers to the number of observations or data points collected from a population for the purpose of statistical analysis, influencing the accuracy of the results.

Pooled Proportion

A method used to combine the proportions from different groups in statistical analysis to obtain a common proportion.

Test Statistic

A value calculated from sample data during a hypothesis test that is used to decide whether to reject the null hypothesis.

Null Hypothesis

A statistical hypothesis that assumes no significant difference or effect exists among the variables being studied.