Which of the Following Is True

question 87

Multiple Choice

Which of the following is true?

• A)​Real GDP equals nominal GDP divided by the current price level index, times one hundred.
• B)​In periods of inflation, real GDP growth will tend to be greater than nominal GDP growth.
• C)​In a country with a growing population, real GDP could be falling at the same time that real GDP per capita was rising.
• D)​Marrying one's housekeeper would leave reported GDP unchanged.

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Definitions:

Type I Error

The false rejection of an accurate null hypothesis, also known as a "false positive."

Sample Size

The number of observations or data points collected in a statistical study, which is crucial for determining the study's accuracy and reliability.

Null Hypothesis

A hypothesis that assumes no statistical significance exists in a set of observations and that any observed difference is due to sampling or experimental error.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true, often denoted as alpha and used as a threshold for determining statistical significance.