(Advanced Analysis) the Table Gives Data for a Private Closed

question 83

Multiple Choice

$$\begin{array} { | c | c | c | } \hline G D P ( Y ) & \text { Consumption (C) } & \text { Investment (I) } \\\hline \$ 0 & \$ 60 & \$ 30 \\\hline 100 & 120 & 40 \\\hline 200 & 180 & 50 \\\hline 300 & 240 & 60 \\\hline 400 & 300 & 70 \\\hline 500 & 360 & 80 \\\hline\end{array}$$ (Advanced analysis) The table gives data for a private closed economy. The letters Y, C, S, and I are used to represent real GDP, consumption, saving, and investment, respectively. Equilibrium Y (= GDP)
Is

• A) $100.
• B) $200.
• C) $300.
• D) $400.

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Definitions:

Sampling Distribution

The distribution pattern of probabilities for a certain statistic gathered from a random sample.

Population Means

The average value of a given characteristic within an entire population.

Independent Samples

Refers to two or more groups of data that are collected from distinct populations, where the observations in one group are not related to or influenced by the observations in the other group.

Test Statistic

A value calculated from sample data during a hypothesis test that is used to evaluate the strength of evidence against the null hypothesis.