The Only Time the Population Size Is Important in the Calculation

question 54

Multiple Choice

The only time the population size is important in the calculation of sample size is:

• A)always;all formulas include N,a count of the total population.
• B)when the population is very,very large.
• C)when the population is not normal.
• D)when the level of accuracy needs to be less than ±5 percent.
• E)when the population is small,relative to the sample size.

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Definitions:

Price Level

Price level indicates the average of current prices across the entire spectrum of goods and services produced in the economy, often compared over time to assess inflation or deflation.

Aggregate Demand Curve

The total demand curve illustrates the overall volume of goods and services the economy requires at various price points.

Investment Demand Curve

A graph showing the relationship between the rate of interest and the total amount of investment demanded by all sectors in the economy.

Market Interest Rate

The prevailing rate at which borrowers can secure loans and lenders receive returns, determined by supply and demand in the money market.