The value of a model is determined by
A) the usefulness of its predictions in the real world.
B) the extent of the profit earned by applying it.
C) the realism of its assumptions.
D) the model's attention to real world details.
A
Economics
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From the data in the above table, GDP equals
A) $1,120. B) $1,280. C) $1,290. D) $1,360.
Economics
The output per capita of a country is equal to _____
a. its population divided by its GDP b. its GDP divided by its population c. its population divided by its GNP d. its GNP divided by its population e. its GDP divided by the total value of capital available
Economics