Full-Employment GDP Is Also Known as

question 180

Multiple Choice

Full-employment GDP is also known as

• A)realized GDP.
• B)potential GDP.
• C)politico-economic GDP.
• D)balanced-budget GDP.

---

Definitions:

Level of Significance

The threshold chosen by the researcher which determines the probability at which the null hypothesis will be rejected, often denoted by alpha (α).

Operating Characteristic

A function or curve that describes the discriminating ability of a test across various conditions or thresholds.

Sample Size

The number of individuals, observations, or data points collected or selected from a population for the purpose of analysis.

Type II Error

Occurs when a statistical test fails to reject a false null hypothesis, meaning it wrongly indicates there is no effect when one exists.