In the Balance-Of-Payments Accounts,the Statistical Discrepancy

question 42

Multiple Choice

In the balance-of-payments accounts,the statistical discrepancy

• A) equals the capital account balance minus the current account balance.
• B) equals the current account balance minus the capital account balance.
• C) probably reflects hidden capital flows.
• D) must equal zero.

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Definitions:

Expected Value

The long-run average value of repetitions of the experiment it represents, in probability and statistics.

Error

The difference between a measured or calculated value and its true value; often used in statistics and scientific experiments.

Confidence Interval Estimate

A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter.

Prediction Interval

An estimate of an interval in which future observations will fall, with a certain probability, given what has already been observed.