In an Economy with a GDP of $3,000 Billion and a Capital-Output

question 45

Multiple Choice

In an economy with a GDP of $3,000 billion and a capital-output ratio of three,an increase in this year's full-employment GDP of $30 billion means that last year's intended investment must have increased by ________ billion.

• A) $10
• B) $30
• C) $90
• D) $100
• E) $1,000

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Definitions:

Margin Of Error

An estimate of the amount by which a sample statistic differs from a population parameter, expressed often as a confidence interval.

Equal Sample Sizes

A condition in statistical analysis where the number of data points or observations in each group or category being compared is the same.

Population Variances

A measure of the dispersion or spread of data points in a population, indicating how much the data varies from the mean of the population.

Sample SD

The standard deviation of a sample, representing the dispersion or variability of the sample data points from their mean.