The Extent to Which Results in an Experiment Generalize to Other

question 60

Multiple Choice

The extent to which results in an experiment generalize to other people, settings, and times is referred to as:

• A)internal validity.
• B)external validity.
• C)empirical validity.
• D)experimental control.

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Definitions:

Full Employment GDP

The output level (Gross Domestic Product) achieved by an economy when all available resources are employed, but not beyond sustainable capacity.

Recessionary Gap

A situation where real GDP is less than potential GDP, indicating underutilized economic resources.

Social Security Surplus

The excess funds collected through Social Security taxes over the amounts paid out as benefits.

Billion

A numerical value equivalent to 1,000 million, often used to denote a very large quantity or amount in financial and statistical contexts.