The Development of a Strain of Wheat That Will Yield

question 36

Multiple Choice

The development of a strain of wheat that will yield two crops per year rather than one crop per year is an example of economic growth resulting from

• A) capital accumulation.
• B) increased gross investment.
• C) technological progress.
• D) an increase in per capita real income.

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Definitions:

Selling Price

The amount of money for which a product or service is sold to the buyer.

Regression Line

A straight line that best represents the data on a scatter plot, showing the relationship between the independent and dependent variables.

Residuals

The differences between observed values and the values predicted by a model.

Confidence Interval

An aggregate of values, concluded from statistical review of samples, assumed to likely house the unknowable value of a population parameter.