Which of the Following Is Not a Component of GDP

question 146

Multiple Choice

Which of the following is not a component of GDP in the expenditures approach?

• A) Government purchases
• B) Workers' wages and other compensation
• C) Gross private domestic investment
• D) The difference between exports and imports

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Definitions:

Regression

A statistical method used to determine the relationship between two or more variables, where one or more independent variables are used to predict the outcome of a dependent variable.

Analysis of Variance

A statistical procedure used to compare the means of three or more samples to determine if at least one of the sample means is significantly different from the others.

Null Hypothesis

A default hypothesis that there is no significant difference or effect, used as a starting point for statistical testing.

Test Statistic Value

A value derived from sample data during a hypothesis test, used to determine whether to reject the null hypothesis within the context of the test.