Which of the Following Is Included in Measuring GDP

question 321

Multiple Choice

Which of the following is included in measuring GDP?

• A) The value added at each stage of production of a final product
• B) The buying and selling of securities
• C) The transfer of secondhand goods
• D) Household services rendered by homemakers

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Definitions:

Sampling Distribution

The probability distribution of a statistic (for example, a mean, variance) obtained from a large number of samples drawn from a specific population.

Confidence Interval

A span of numbers obtained from sample data which is expected to encompass the value of a not yet known population characteristic, specified with a defined degree of certainty.

Degrees Of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution or calculation, affecting the shape of the distribution.

Confidence Interval

A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, with a specified level of confidence.