Consumption Spending Is $4

question 81

Multiple Choice

Consumption spending is $4.5 billion, investment is $3 billion, and government expenditures are $2 billion.If GDP is $14 billion, which of the following could be true regarding exports and imports in the economy?

• A)Exports are $4.5 billion and imports are $2 billion.
• B)Exports are $6 billion and imports are $8.5 billion.
• C)Exports are $9 billion and imports are $6 billion.
• D)Exports are $15 billion and imports are $10.5 billion.
• E)Exports are $17 billion and imports are $6 billion.

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Definitions:

Aptitude Tests

Standardized tests designed to measure an individual's potential to acquire skills or knowledge.

Wilcoxon Signed-Rank Test

A non-parametric test that compares two related samples or matched pairs to assess whether their population mean ranks differ.

Test Statistic

A calculated value from sample data used in a hypothesis test to determine whether to reject the null hypothesis.

Critical Value

A critical value is a threshold or cut-off value that defines regions where the test statistic leads to the acceptance or rejection of the null hypothesis in hypothesis testing.