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The table given below states the value of the GDP and the different components of aggregate expenditure for two years. Table 10.1 Refer to Table 10.1.Assume that the economy is at equilibrium in both years.What are net exports for year 2?
Confidence Interval
A range of values, derived from the statistics of observed data, that is likely to contain the value of an unknown population parameter.
Confidence Interval
A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter.
Population
In statistics, the entire set of individuals or items from which samples can be drawn for analysis.
Confidence Interval
An estimated range of values calculated from a given set of sample data, reflecting where the true population parameter is expected to lie with a certain level of confidence.
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