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Exports Are an Injection into the Circular Flow

question 85

True/False

Exports are an injection into the circular flow.


Definitions:

Sample Proportion

The fraction of observations in a sample that belong to a certain category, serving as an estimate of the proportion in the population.

Bias

A systematic error or deviation from the truth in results or inferences.

Normal Distribution

A bell-shaped curve distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Simple Random Sample

A portion of a broader statistical population where each member has an equal likelihood of selection.

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