In the United States in 2012, Government Purchases of Goods

question 253

Multiple Choice

In the United States in 2012, government purchases of goods and services were

• A) larger than consumption, but smaller than investment.
• B) larger than investment, but smaller than consumption.
• C) smaller than both consumption and investment.
• D) larger than both consumption and investment.

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Definitions:

Interaction Effect

In statistics, the effect that exists when two or more variables combine to affect the outcome of a dependent variable in a way that cannot be simply added.

Main Effect

In experimental design, a main effect is the direct impact of an individual independent variable on a dependent variable, ignoring the effects of other variables.

Simple Effect

The effect of one factor at a specific level of another factor in a factorial design experiment.

Factorial Research

A methodological approach in experiments where researchers study the effects of two or more independent variables across multiple levels.