Examlex
Which of the following is not a determinant of the long-run level of real GDP?
Standard Error
A statistic that measures the dispersion of sample means around the population mean, indicative of the accuracy of the sample mean as a representation of the population mean.
Random Variable
A variable characterized by numerical outcomes derived from phenomena of chance.
Population Mean
The average value of a given characteristic across the entire population.
Probability Distribution
A mathematical description of a random phenomenon in terms of the probabilities of various possible outcomes.
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