The Table Given Below Reports the Value of Real GDP

question 118

Multiple Choice

The table given below reports the value of real GDP and its components consumption (C) , investment (I) , exports, and imports for two consecutive years.
Table 10.3
$\begin{array}{l}\begin{array}{|c|c|c|c|c|c|}\hline & \text { Equilibrium } & & & & \\\hline & \text { Real GDP } & \text { C } & \text { I } & \text { Exports } & \text { Imports } \\\hline \text { Year 1 } & \$ 9,350 & \$ 7,500 & \$ 1,350 & \$ 1,800 & - \\\hline \text { Year 2 } & \$ 11,450 & \$ 8,900 & - & \$ 2,350 & \$ 1,600 \\\hline\end{array}\\\text { Assume that government spending is zero for this economy. }\end{array}$
-According to the information provided in Table 10.3, the MPI equals _____.

• A) +0.12
• B) -0.33
• C) -0.21
• D) +0.14
• E) MPS

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Definitions:

ANOVA Table

A table that summarizes the results and components of variance from an analysis of variance test.

Null Hypotheses

A statistical hypothesis that assumes no effect or no difference in the case being studied.

Alternative Hypotheses

Hypotheses that are considered to be true if the null hypothesis is found to be false, indicating there is a statistical significance.

Sales

Transactions involving the exchange of goods or services for money, measuring the performance and success of a business.