If Country X Has a GDP of $1 Trillion and Exports

question 100

Multiple Choice

If country X has a GDP of $1 trillion and exports $200
Billion to country Y and imports $300 billion from country
Y, then its bilateral trade balance with country Y is:

• A)-$100 billion.
• B)$100 billion.
• C)$500 billion.
• D)50%.

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Definitions:

Z-Score

Scores for the standard normal distribution measured in standard deviation units.

Standard Normal Distribution

The standard normal distribution is a special case of the normal distribution with a mean of zero and a standard deviation of one, used in z-tests.

Mean

To determine the arithmetic average, one sums up every number in the collection and divides by the number of elements in the collection.

Standard Deviation

An indicator that measures how much a set of data points spread out or diverge.