Consider a Macro Model with Demand-Determined Output

question 42

Multiple Choice

Consider a macro model with demand-determined output.The equations are: C = 150 + 0.8Yd,Yd = Y-T,I = 400,G = 700,T = 0.2Y,X = 130,and IM = 0.14Y.Equilibrium national income in this model is

• A)1120.
• B)1350.
• C)2240.
• D)2760.
• E)5400.

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Definitions:

Test-retest Reliability

Test-retest reliability is a measure of the consistency of a psychological test or assessment's results over time when administered to the same individuals on separate occasions.

Content Validity

pertains to how well a test measures every aspect of the specified domain or topic it is intended to assess.

Concurrent Validity

The extent to which test scores correlate with scores from other assessments measuring the same construct at the same time.

Reliability

The level of consistency and stability in the results produced by an assessment instrument across time.