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Which of the following ideas apply to the neoclassical growth theory? I.The rate of technological change influences the rate of economic growth.
II.Technological change promotes saving and investment.
III.Convergence of economic growth rates across countries.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, used in statistics to quantify the spread of a data set.
Significance Level
The probability of rejecting the null hypothesis in a statistical test when it is actually true; a threshold used to determine the critical value at which the observed data is considered statistically significant.
Significance Level
The chance of wrongly rejecting the true null hypothesis during a statistical examination.
Confidence Interval
A statistical range, with a given probability, that is likely to contain the true value of an unknown population parameter.
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