Refer to the Diagram $X _ { n 2 }$ , the GDP in the Open Economy Will Exceed GDP

question 9

Multiple Choice

Refer to the diagram. If net exports are $X _ { n 2 }$ , the GDP in the open economy will exceed GDP in the closed economy by

• A) AB.
• B) AD.
• C) FG.
• D) BD.

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Definitions:

Dependent Populations

Populations in which the members or subjects are not independent of each other, meaning the selection or outcome of one influences another.

One-tailed Test

A hypothesis test where the region of rejection is on only one side of the sampling distribution.

Two-tailed Test

A two-tailed statistical hypothesis test that examines if a sample falls outside a specific range of values, testing for both exceeding and falling short of this range.

Expected Value

The mean value of a random variable, computed by multiplying each possible value by its probability and summing up these products.