Examlex
Which of the following items are included in GDP? For those items not included, explain why they are not included in GDP.
a. Jane buys newly issued shares of stock in Macro.com, Inc.
b. Ross buys a new pair of jeans at a local department store.
c. Joey has his mustache trimmed at his hair salon.
d. Rachel buys an antique chest at a resale shop.
e. Monica makes her own pasta sauce in her apartment.
f. Phoebe grows her own herbs on her apartment balcony.
g. Michael travels to Austria and buys wine and cheese.
Causally Related
A relationship between variables where a change in one variable directly causes a change in another variable.
Variability
The extent to which data points in a statistical distribution or data set diverge from the average or mean.
Criterion Variables
Outcome variables that are used to assess the effects of manipulations or treatments in an experiment.
Predictor Variables
Predictor variables are the independent variables in a study that are used to predict the outcome of the dependent variable(s).
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