Answer:
The percentage of Indiana residents with a college degree rises from 25% to 30%.
Explanation:
Human capital is one of the most important (according to some economists the most important) aspect for economic growth. If college graduates in Indiana go from 25% to 30%, it means that Indiana's human capital has improved.
With improved Human Capital, now Indiana can produce better steel and corn, or even produce other things, because its college graduates have acquire the necessary knowledge to do so. This will in turn lead to economic growth and a higher standard of living.
Answer:
Explanation:
1)
: All group means equal or 
At least one of the treatment group means are different
ANOVA TABLE
<u>Source of Variation SS df MS F P-value F crit
</u>
Between Groups 213.5 3 71.16667 0.65 0.5975 3.490295
Within Groups 1312.5 12 109.375
MSB = SSB / DFB = 71.16667
MSE = SSE / DFE = 109.375
F = MSB / MSE = 0.650667
3) P-value: 0.597576
The test statistic is not significant and failed to reject the null hypothesis.
4) The test statistic is not significant. So, there is no evidence to conclude that there is a difference between groups.
Answer: A. On the curve.
Explanation:
Production possibilities curve (PPC) is simply a graphical representation that is used to show different combinations of two goods which a particular economy can produce when the economy uses the resources it has efficiently.
Points on the curve shows that the resources in an economy are efficiently used, points on the interior of the curve shows that the resources are used inefficiently while the points that are beyond the curve shows are referred to as unattainable.
Therefore, if you are using your factors of production at 100% efficiency, you will be on the curve.
The answer is A.
Gross income. they are incomes before taxes or adjustments
