-Using the Data in the Table Above,the Growth Rate of Real

question 190

Multiple Choice

-Using the data in the table above,the growth rate of real GDP has

• A)increased from year to year.
• B)increased more rapidly from year to year.
• C)remained constant from year to year.
• D)slowed from year to year.
• E)probably changed,but more information is needed about the price level to determine by how much it has changed.

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Definitions:

Contingency Table

A table often used in statistics to display the frequency distribution of variables.

Z-Test

This is a statistical test used to determine whether two population means are different when the variances are known and the sample size is large.

Chi-Squared Test

A statistical method applied to ascertain whether a meaningful relationship exists between two variables of categorical nature.

Nominal Data

Data categorized into distinctly named groups without any natural order or ranking among them.