The extent to which the results of a study can be generalized to the larger population refers to ?
Correct answer: D. external validity
- A. internal validity
- B. face validty
- C. reliability
- D. external validity
Explanation
External validity concerns whether findings from a study can be generalized to other people, settings, or the wider population. Internal validity instead asks whether the study correctly established a relationship within the study itself.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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