Any Scale or Other Measurement Instrument That Actually Measures What

question 84

True/False

Any scale or other measurement instrument that actually measures what it was intended to measure is said to have reliability.

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Definitions:

Net Capital Outflow

The financial divide between home nationals acquiring assets abroad and foreigners acquiring assets in the home country.

GDP

Gross Domestic Product, which measures the total value of all goods and services produced within a country's borders in a specific time period.

Consumption Expenditures

Total spending by households on goods and services, excluding purchases of new housing.

Saving

The process of setting aside a portion of current income for future use.