Quality Motors Is a Japanese-Owned Company That Produces Automobiles;all of Its

question 73

Multiple Choice

Quality Motors is a Japanese-owned company that produces automobiles;all of its automobiles are produced in American plants.In 2010 Quality Motors produced $30 million worth of automobiles,with $17 million in sales to Americans,$9 million in sales to Canadians,and $4 million worth of automobiles added to Quality Motors' inventory.The transactions just described contribute how much to U.S.GDP for 2010?

• A)$17 million
• B)$21 million
• C)$26 million
• D)$30 million

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Definitions:

Critical Value

A point on the scale of a statistical distribution that marks the threshold for significant results.

Hypothesis Problem

A question that forms the basis for a hypothesis test, usually framed as the challenge of determining whether an observed phenomenon can be attributed to chance or not.

Population Variances

The variance calculated for a set of values that represents an entire population, providing a measure of its overall spread.

Equal

Having the same quantity, measure, or value as another.