In the Base Year,real GDP ______ Nominal GDP

question 29

Multiple Choice

In the base year,real GDP ______ nominal GDP.

• A) is greater than
• B) is less than
• C) is equal to
• D) could be greater or less than
• E) is one-half of

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Definitions:

Population Mean

The average value of all the members of a population.

F Table

A table used in statistics to determine the critical values of the F-distribution, useful in analysis of variance (ANOVA).

Degrees Of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution, often associated with the number of independent pieces of information available to assess a parameter or fit a model.

Degrees Of Freedom

The number of values in the final calculation of a statistic that are free to vary.