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Define Cross-Sectional Design and Longitudinal Design

question 71

Essay

Define cross-sectional design and longitudinal design.Develop an example of each using the same basic situation.


Definitions:

Imports

Products and services imported into a country from overseas to be sold.

Financial Assets

Assets that derive value because of a contractual claim, such as stocks, bonds, and bank deposits.

Current Account

A component of a country's balance of payments that measures the trade of goods and services, net earnings on investments, and transfer payments.

Tangible Products

Physical items that can be seen, touched, and used, as opposed to services or digital goods.

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