Refer to Table 19-29. Based on the table above, what is national income for this economy?

A) $4,700 billion B) $4,000 billion C) $3,150 billion D) $2,450 billion

B

Economics

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Your younger brother likes to yell at the dinner table so the rest of the family will give him what he wants. Assume that this has proved quite successful for him time and again

Let's say that you are from a family of eight and every member of your family starts to adopt the same strategy. Would this work? Why or why not? Explain.

Economics

The sample average is a random variable and

A) is a single number and as a result cannot have a distribution. B) has a probability distribution called its sampling distribution. C) has a probability distribution called the standard normal distribution. D) has a probability distribution that is the same as for the Y1,..., Yn i.i.d. variables.

Economics