The Relationship Between Samples and Populations May Be Described as ______

question 115

Multiple Choice

The relationship between samples and populations may be described as ______.

• A) smaller the sample, the more it resembles the population
• B) a population is a subset of a sample
• C) researchers test research hypotheses about populations by collecting data from samples
• D) researchers draw conclusions about samples based on data collected from populations

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Definitions:

Government Purchases

Expenditures by the government on goods and services that directly consume economic resources, distinct from transfer payments.

Short Run

A period in economics during which some factors of production are fixed, limiting the ability of the economy or a firm to adjust to changes.

Real GDP

The market value of all final goods and services produced within a country in a given period, adjusted for inflation.

Recessions

Phases of momentary economic slump that lead to a reduction in trading and industrial activities, frequently identified by declining GDP in two successive quarters.