The Current Account Records

question 54

Multiple Choice

The current account records

• A)last year's flows of funds into and out of the country
• B)current flows of imports and exports of goods and services, net income earned by U.S.residents from foreign assets, and net transfer payments
• C)current flows of imports and exports of goods only
• D)only net income earned by U.S.residents from foreign assets
• E)only current flows of imports and exports of goods and services and net transfer payments

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Definitions:

Statistically Significant

A term indicating that the likelihood of an observed difference or relationship happening by chance is low, typically below a pre-set threshold of probability.

P-value

A statistical measure indicating the probability that the observed data would occur by chance if the null hypothesis were true.

Inferential Statistics

Statistical methods that allow conclusions to be drawn about populations based on sample data.

Descriptive Statistics

Statistical methods used to summarize, describe, and present data in an informative way, typically through measures of central tendency and variability.