Which of the Following Statements Is Not Correct

question 12

Multiple Choice

Which of the following statements is not correct?

• A)​Economic growth is best measured by the annual percentage change in nominal GDP per capita.
• B)​An economy producing along the production possibilities curve is operating at its potential output.
• C)​Economic growth is a crucial determinant of people's well-being.
• D)​If the quality of labor improves, an economy's production possibilities curve will shift outward.

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Definitions:

Sampling Distribution

A statistical distribution that outlines the probabilities of a certain statistic coming from a random sample.

Baggage Checked

The process of handing over passenger luggage to an airline or transportation provider for transport in the cargo area of a plane or vehicle.

Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of data values from their mean.

Sampling Distribution

The probability distribution of a statistic based on a random sample.