"Economic Growth" Has Occurred If the

question 6

Multiple Choice

"Economic growth" has occurred if the

• A) inflation rate between this year and last year is zero or less.
• B) GDP this year exceeds the Real GDP this year.
• C) unemployment rate this year is above the natural rate of unemployment.
• D) Real GDP this year exceeds the Real GDP of last year.

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Definitions:

Confidence Interval

A span of numbers, originating from sample data, which probably encompasses the value of an unspecified population characteristic.

Degrees of Freedom

The number of independent values or quantities that can vary in the analysis of statistical data, which are necessary to calculate a statistic.

Partial ANOVA Table

A table that presents results from an Analysis of Variance test, but might not include all elements typically found in a full ANOVA table, such as missing data on certain variables or groups.

F-Distribution

A probability distribution that arises frequently as the null distribution of a test statistic, especially in variance analysis and ANOVA.