Which of the Following Statements Is Correct

question 218

Multiple Choice

Which of the following statements is correct?

• A) Between 1953 and 2018, all growth in U.S. real GDP can be attributed to increases in labor productivity.
• B) Between 1953 and 2018, increases in labor productivity account for more of the growth in U.S. real GDP than do increases in the quantity of labor.
• C) Between 1953 and 2018, increases in the quantity of labor account for more of the growth in U.S. real GDP than do increases in labor productivity.
• D) Between 1953 and 2018, increases in labor productivity and increases in the quantity of labor contributed equally to the growth in U.S. real GDP.

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Definitions:

Statistic

A numerical measure that describes an aspect of a sample of a population.

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Antioxidants are compounds that inhibit oxidation, a chemical reaction that can produce free radicals and chain reactions that may damage the cells of organisms.

Population Variances

The squared deviations of a population's values from the mean, indicating how widely the population data is spread out.

Pooled Proportion Estimate

A method to estimate the combined proportion of two or more groups by pooling their successes and trials.