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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?
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.
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