Which of the Following Statements Is False

question 83

Multiple Choice

Which of the following statements is false?

• A) The market value of all nonmarket goods is omitted from GDP.
• B) The sale of used goods is omitted from GDP.
• C) The market value of a person mowing his or her own lawn is omitted from GDP.
• D) If a good is produced but not sold,it is included in GDP.

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Definitions:

Type I Error Probability

The probability of incorrectly rejecting the null hypothesis when it is true, often denoted by alpha.

Reject

In statistical analysis, it refers to the decision to not accept the null hypothesis based on the results of the test.

Wilcoxon Rank Sum Test

A nonparametric statistical test used to compare two independent samples, assessing whether their populations have the same median.

Rank Order

A method of organizing items in a list based on their value or importance, typically from highest to lowest.