The Following Data Refers to a National Economy with All

question 75

Multiple Choice

The following data refers to a national economy with all figures in $billions.

-Refer to the table above to answer this question.What is the value of the MPC?

• A)0.4
• B)0.5
• C)0.6
• D)0.8

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Definitions:

Critical Value

A threshold value used in statistics to decide whether to reject the null hypothesis.

Hypotheses

Plural of hypothesis; proposed explanations made on the basis of limited evidence as a starting point for further investigation.

Critical Value

A limit in hypothesis testing that sets the dividing line between the area where the null hypothesis is accepted and the area where it is rejected.

Hypotheses

Proposed explanations or predictions that are based on limited evidence as a starting point for further investigation.