Which of the Following Statements Regarding U

question 196

Multiple Choice

Which of the following statements regarding U.S. economic growth is NOT correct?

• A) Over the past 100 years, on the average real GDP per person grew 2 percent a year.
• B) The average annual growth rate of real GDP per person in the United States was rapid during World War II.
• C) In the 1930s, real GDP fell well below its trend.
• D) The growth rate of real GDP per person accelerated between 1973 to 1984.

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Definitions:

Normally Distributed Population

A population in which the data follows a normal distribution, having a bell-shaped frequency distribution curve.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values.

T Critical Value

The value from the t-distribution that is associated with a specified level of significance for a two-tailed test.

Confidence Levels

Confidence levels are the degree of certainty or probability—expressed as a percentage—that a confidence interval contains the true parameter value.