Which of the Following Is NOT Included in National Income

question 6

Multiple Choice

Which of the following is NOT included in National Income?

• A)indirect taxes
• B)wages and salaries
• C)net interest
• D)rental income of persons

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Definitions:

Null Hypothesis

The assumption in statistical testing that there is no significant difference or effect and that any observed difference is due to chance.

Significant Change

A noticeable or meaningful variation that occurs in data, indicating a departure from expected patterns or previous results.

Level of Significance

A criterion for determining the threshold of rejection for the null hypothesis, denoting the probability of committing a Type I error.

Marascuilo Procedure

A multiple comparison procedure that can be used to test for a significant difference between pairs of population proportions. This test can be helpful in identifying differences between pairs of population proportions whenever the hypothesis of equal population proportions has been rejected.