Between 2012 and 2013 Real GDP Increased by $600 Billion

question 335

Multiple Choice

Between 2012 and 2013 real GDP increased by $600 billion and imports increased by $90 billion. Based on these data, the marginal propensity to import equals

• A) 0.15.
• B) 0.25.
• C) 0.90.
• D) 6.67.

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Definitions:

Regression Equation

A mathematical formula used to predict the value of a dependent variable based on one or more independent variables.

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Moving Violations

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Null Hypothesis

A statement asserting there is no significant difference or relationship between specified populations, derived from sample data.