The Following Question Are Based on the Following Diagram

question 59

Multiple Choice

The following question are based on the following diagram:

-Given the consumption and investment spending shown on the graph,the equilibrium GDP is ________ billion.

• A) $1,500
• B) $1,700
• C) $1,800
• D) $1,900
• E) $2,100

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Definitions:

Alternative Hypothesis

In statistical testing, the hypothesis that suggests there is a significant difference between the specified populations, contrary to the null hypothesis.

µ ≠ 3

A statement used in hypothesis testing indicating that the population mean is not equal to 3, serving as the basis for a two-tailed test.

Alternative Hypothesis

In statistical hypothesis testing, it represents the hypothesis that there is a significant difference between the defined groups or a significant relationship within the data.

Non-directional

A hypothesis that does not predict the direction of the difference or relationship between the variables being studied.