Examlex
Give an example of how real GDP could be increased even though no more output is produced.
Type I Error
A statistical error occurring when a true null hypothesis is incorrectly rejected.
Type II Error
The error that occurs when a false null hypothesis is not rejected, meaning a true effect is missed.
Collecting Data
The process of gathering and measuring information on variables of interest in an systematic fashion that enables one to answer stated research questions, test hypotheses, and evaluate outcomes.
Effect Size
A metric that quantifies the extent of an event or the force of association among variables.
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