In 2010,which Component of GDP Had a Negative Value

question 73

Multiple Choice

In 2010,which component of GDP had a negative value?

• A) consumption
• B) investment
• C) government spending
• D) net exports

Comprehend that economists use assumptions to simplify the complex world and facilitate understanding.

Acknowledge the application of the scientific method in economics.

Recognize the challenges economists face in conducting experiments.

Understand the importance of historical episodes in evaluating economic theories.

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Definitions:

10 Runs

In statistical quality control, a sequence of similar outcomes in a process, which may indicate non-random variation and signal the need for process examination.

Hole-in-one

A golfing term that describes the act of a golfer hitting the ball from the tee into the hole with just one stroke.

Subsequent Putt

A putt that follows an initial putt in the game of golf, attempting to get the ball into the hole.

Average Number

The value found by adding all the numbers in a set together and then dividing by the count of those numbers, often used in statistical analysis.