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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:

Positive

An attribute or condition that reflects an increase, improvement, or favorable outcome.

Gross Investment

The total amount of capital invested in a firm, including replacements for depreciation and new investments for expansion.

Net Investment

The difference between total investment in an economy and the depreciation of capital.

Depreciation

The process by which capital assets lose value over time due to use, wear and tear, or obsolescence.

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