All of the Following Are Included in Gross Private Domestic

question 220

Multiple Choice

All of the following are included in gross private domestic investment expenditure EXCEPT a

• A) business's purchase of a fleet of cars.
• B) household's purchase of a new house.
• C) business's purchase of another company's stock.
• D) a retail store's purchase of shoes to add to its inventory.

---

Definitions:

Uniformly Distributed

A distribution where all outcomes are equally likely to occur, each observation within a certain range has the same probability.

Null Hypothesis

The assumption in statistical testing that there is no significant difference or effect and that any observed difference is due to chance.

Significant Change

A noticeable or meaningful variation that occurs in data, indicating a departure from expected patterns or previous results.

Level of Significance

A criterion for determining the threshold of rejection for the null hypothesis, denoting the probability of committing a Type I error.