Suppose This Year Angola Borrows $100 Million from Foreign Countries

question 173

Multiple Choice

Suppose this year Angola borrows $100 million from foreign countries, while it lends $15 million to other countries. Angola definitely is a

• A) net borrower.
• B) net lender.
• C) creditor nation.
• D) debtor nation.

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Definitions:

Original Data Set

The initial collection of data or observations before any processing or analysis has been conducted.

Trimmed Mean

A measure of central tendency calculated by removing a certain percentage of the smallest and largest values from a data set before calculating the mean of the remaining data.

Bootstrap Confidence Interval

A method for estimating the uncertainty of a statistic by resampling the original data and calculating the statistic across these samples to form an interval.

Bootstrap Standard Error

A method for estimating the standard error of a statistic by resampling with replacement from the original dataset and computing the statistic over many resamples.