With Respect to Consumption,investment,government Purchases and Net Exports,the National-Income and Product

question 149

Multiple Choice

With respect to consumption,investment,government purchases and net exports,the national-income and product accounts measure

• A)desired expenditures in each of the categories.
• B)both actual and desired expenditures,since actual expenditure must equal desired expenditure in each category.
• C)the flow of saving at any income.
• D)neither actual nor desired expenditures.
• E)actual expenditures in each of the categories.

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Definitions:

Histograms

Graphical representations of the distribution of numerical data, showing the frequency of data within certain ranges.

Empirical Rule

A statistical norm that asserts for a normally distributed set of data, almost all of the data points are encompassed within three standard deviations from the mean value.

Sample Variance

The measure of dispersion of sample data points around the sample mean, providing an estimation of the population variance.

Sample Standard Deviation

A measure of the dispersion or variability of a set of sample data points around its mean.