Suppose a Country Had $2

question 60

Multiple Choice

Suppose a country had $2.4 billion of net exports and bought $4.8 billion of goods and services from foreign countries.This country would have

• A)$7.2 billion of exports and $4.8 billion of imports.
• B)$7.2 billion of imports and $4.8 billion of exports.
• C)$4.8 billion of exports and $2.4 billion of imports.
• D)$4.8 billion of imports and $2.4 billion of exports.

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Definitions:

Exponential Distribution

A continuous probability distribution that is used to model the time between events in a Poisson point process.

Poisson Model

A statistical model used to predict the number of events occurring within a fixed interval of time or space, assuming events occur with a known constant rate and independently of the time since the last event.

Exponential Random Variable

A type of continuous random variable often used to model the time between events in a process with a constant rate.

Exponential Distribution

A probability distribution that describes the time between events in a Poisson process, modeling the occurrence of events over time.