If a Country Has a 4 Percent Annual Growth in Real

question 29

Multiple Choice

If a country has a 4 percent annual growth in real GDP and a one percent growth in population, its per capita growth of real GDP is

• A) five percent.
• B) four percent.
• C) three percent.
• D) 1/4 = 0.25 percent.

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Definitions:

Statistical Analysis

The process of collecting, reviewing, interpreting, and presenting data to discover underlying patterns and trends.

P < .01

Indicates that the probability of the observed data (or more extreme) given that the null hypothesis is true is less than 1%, suggesting strong evidence against the null hypothesis.

Null Hypothesis

A presumption in statistical inference that indicates no significant variance between groups or no significant relationship between variables.

Statistic

Numeric characteristic of a sample.