Consumption Expenditure Minus Imports, Which Varies with Real GDP, Is

question 170

Multiple Choice

Consumption expenditure minus imports, which varies with real GDP, is

• A)aggregate expenditure.
• B)autonomous expenditure.
• C)planned consumption.
• D)induced expenditure.
• E)unplanned consumption.

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Definitions:

Mean Squared Error

A measure of the average of the squares of the errors or deviations, that is, the difference between the estimator and what is estimated.

Tracking Signal

A statistical measure used in quality control and forecasting to detect bias in the forecast error over time.

Simple Moving Average

A mathematical method used in finance and economics to calculate the average of a selected range of prices or quantities over a specific period of time.

Exponential Smoothing

Exponential smoothing is a forecasting technique that applies decreasing weights to past observations, with more recent data given more significance.