Using the National Spending Approach to Measuring GDP,the Social Security

question 145

Multiple Choice

Using the national spending approach to measuring GDP,the social security checks the government sends retirees each month get included in GDP as part of:

• A) consumption.
• B) investment.
• C) government purchases.
• D) nothing;they are not included as part of GDP.

---

Definitions:

Wilcoxon Signed Rank Test

A non-parametric method for comparing two related samples, matched pairs, or repeated measurements on the same sample to evaluate if their population mean ranks are different.

Null Hypothesis

The presumption in statistical testing that there is no difference or effect, and any observed difference is due to sampling or experimental error.

Cholesterol Levels

A measurement of different types of cholesterol within the blood, important for assessing heart health.

Standardized Value

A transformed value obtained from the original data that indicates how many standard deviations a data point is from the mean.