For the US

question 47

Multiple Choice

For the U.S.economy,which of the following represents the largest component of GDP?

• A)imports
• B)investment
• C)government spending
• D)exports
• E) none of the above

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Definitions:

Probability

A measure that quantifies the likelihood that an event will occur, expressed as a number between 0 and 1.

Joint Frequency Distribution

A statistical tool that shows how often pairs of variables occur together in a given dataset.

Contingency Table

A type of table in a matrix format that displays the (multivariate) frequency distribution of the variables.

Retired People

Individuals who have concluded their working or professional careers and are living in the phase of life beyond employment.