Which of the Following Is Used to Test Whether a Time

question 20

Multiple Choice

Which of the following is used to test whether a time series follows a unit root process?

• A)Wald test
• B)White test
• C)Augmented Dickey-Fuller test
• D)Johansen test

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Definitions:

Imports

Goods and services bought from foreign countries for domestic consumption or use.

Exports

Goods or services produced in one country and sold to buyers in another country.

Budget Surplus

A situation where income or revenues exceed expenditures over a specific period of time, typically a fiscal year.

Budget Deficit

A budget deficit happens when a government's expenditures surpass its revenues within a given fiscal period.