A Car That Is Produced in 2013 Is Not Sold

question 101

Multiple Choice

A car that is produced in 2013 is not sold until 2014.According to the definition of GDP,in which year's GDP should it be counted?

• A) 2013.
• B) 2014.
• C) Both years.
• D) 2013 real GDP; 2014 nominal GDP.

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Definitions:

Test Statistic

A computed value used to decide whether to reject the null hypothesis in statistical hypothesis testing.

P-Value

The probability of obtaining test results at least as extreme as the results actually observed, under the assumption that the null hypothesis is correct.

Population Locations

Geographical or metaphorical positions where members of a population are found.

Matched Pairs Experiment

An experimental design in which participants are paired based on certain criteria, with one member of each pair receiving each treatment.