Examlex
Which of the following statements regarding Gross Domestic Product is not true?
Post Hoc, Ergo Propter Hoc
A logical fallacy that suggests a causal relationship because one event followed another in time, even though no causal connection exists.
Ceteris Paribus
A Latin phrase meaning "all other things being equal," used in economics to analyze the effect of one variable on another, holding all other factors constant.
Fallacy Of Logic
An error in reasoning that renders an argument invalid or undermines the argument's logical structure.
Ceteris Paribus
Ceteris paribus is a Latin phrase meaning "all other things being equal," used in economics to isolate the effect of one variable change in the study of a phenomenon.
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