Gross Domestic Product (GDP) Measures and Reports Output

question 99

Multiple Choice

Gross domestic product (GDP) measures and reports output

• A) as an index number.
• B) in percentage terms.
• C) in dollar amounts.
• D) in quantities of physical units (for example, pounds, gallons, and bushels).

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Definitions:

Test Statistic

A calculated value used in statistical testing to determine if the null hypothesis can be rejected.

Distribution

A mathematical description of observed or theoretical frequencies of occurrence of different possible outcomes in a dataset.

Sampling Distribution

The probability distribution of a given random-sample-based statistic, used to make inferences about a population.

Mean

The arithmetic average of a set of numbers, calculated by adding all the values together and dividing by the number of values.