Table 36-2 ​

question 32

Multiple Choice

Table 36-2
​
-In Table 36-2, assume that exports rise to $900.What is the new equilibrium GDP?

• A)$5,000
• B)$4,500
• C)$4,000
• D)$3,500

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Definitions:

Proportions

The fraction of a whole expressed as a percentage, ratio, or fraction, representing parts of a larger quantity or population.

P-Value

The possibility of encountering test findings at least as significant as the observed results, assuming the validity of the null hypothesis.

Normal Distribution

A bell-shaped distribution that is symmetric about the mean, where data near the mean are more frequent in occurrence than data far from the mean.

Sample

A subset of individuals from within a larger population used to approximate characteristics of the whole population.