If Last Year Net Exports of Goods and Services Was

question 63

Multiple Choice

If last year net exports of goods and services was negative. This means that

• A) there was an error made when calculating net exports of goods and services.
• B) consumption expenditure plus investment was less than the value of exports plus the value of imports.
• C) consumption expenditure plus investment plus government expenditures on goods and services was less than the value of exports plus the value of imports.
• D) the value of exports was less than the value of imports.
• E) the value of exports was greater than the value of imports.

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Definitions:

Outliers

Data points that differ significantly from the majority of a data set, often indicating variability in a measurement, experimental errors, or a novelty.

Standard Deviation

A statistical measure that quantifies the amount of variability or spread in a set of data points.

Range

The difference between the highest and lowest values in a set of numbers, indicating the extent of variation.

Interquartile Range

A measure of statistical dispersion, representing the difference between the 75th and 25th percentiles, or the middle 50% of a data set.