If There Are Three or More Populations with Ordinal Data

question 76

Multiple Choice

If there are three or more populations with ordinal data, what is the appropriate test to determine whether the distributions are equal?

• A)Friedman test
• B)t test
• C)ANOVA
• D)Kruskal-Wallis test

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Definitions:

Current Account Surplus

A situation where a country's earnings from exports exceeds its spending on imports, leading to net positive income from foreign transactions.

Balance of Trade

The net difference in value between a country's exports and imports over a certain period.

Balance on Capital Account

A national accounting measure that records all transactions for foreign investments and loans going in and out of a country.

Net Transfers

The net amount of money, goods, or services being transferred from one entity to another, after accounting for inflows and outflows.