Consider the Expressions T − G and Y − T

question 195

Multiple Choice

Consider the expressions T − G and Y − T − C. Which of the following statements is correct?

• A)Each one of these is equal to national saving.
• B)Each one of these is equal to public saving.
• C)The first of these is private saving; the second one is public saving.
• D)The first of these is public saving; the second one is private saving.

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Definitions:

T Critical Value

The value from the t-distribution that is associated with a specified level of significance for a two-tailed test.

Confidence Levels

Confidence levels are the degree of certainty or probability—expressed as a percentage—that a confidence interval contains the true parameter value.

Alternative Hypothesis

The hypothesis in a statistical test that proposes a specific difference or effect, in contrast to the null hypothesis which suggests no effect.

Rejection Region

The range of values in hypothesis testing that if the test statistic falls within, leads to the rejection of the null hypothesis.