If a Population Is Surveyed and Error Is Observed, This

question 24

Multiple Choice

If a population is surveyed and error is observed, this error is known as

• A)sampling error
• B)data error
• C)unit error
• D)non sampling error.
• E)unit error.

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Definitions:

GDP Deflator

An economic measure of inflation that reflects changes in the price level of all goods and services produced domestically, adjusting nominal GDP into real GDP.

Price Level

The aggregate price mean of the complete variety of goods and services within the economy.

Base Year

A specific year against which economic growth is measured, serving as a standard comparison for other years in index numbers and price comparisons.

Real GDP

The measure of a country's economic output adjusted for price changes, such as inflation or deflation, giving a more accurate depiction of an economy's size.