Net Exports Are

question 137

Multiple Choice

Net exports are

• A)the sum of exports and imports.
• B)the difference between exports and imports.
• C)exports net of services.
• D)imports less exports.
• E)exports earmarked for nongovernmental use.

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Definitions:

Multinomial Experiment

An experiment that leads to outcomes classified into more than two categories, which are mutually exclusive and exhaustive.

Binomial Experiment

A statistical experiment that fits the criteria of having a fixed number of trials, two possible outcomes per trial, identical probability of success, and each trial being independent.

Multinomial Experiment

An experiment that leads to outcomes categorized into two or more non-overlapping categories.

Degrees of Freedom

The number of independent values or quantities that can vary in the calculation of a statistic, typically used in the context of statistical tests.