The Country of Meditor,a Small Country with a Closed Economy,uses

question 79

Multiple Choice

The country of Meditor,a small country with a closed economy,uses the merit as its currency.Recent national income statistics showed that it had GDP of $600 million merits,no government transfer payments,taxes of $150 million merits,a budget surplus of $40 billion merits,and investment of $100 billion merits.What were its consumption and government expenditures on goods and services?

• A)$460 million merits and $150 million merits
• B)$310 million merits and $190 million merits
• C)$350 million merits and $190 million merits
• D)$390 million merits and $110 million merits

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Definitions:

IQ Test

A uniform test intended to evaluate a person's intelligence and cognitive capacities.

Predictive Validity

How well a rating on an examination or metric anticipates subsequent success in a similar endeavor.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values.

Reliability

Refers to the consistency and stability of a measure or test over time.