A _________ Sample Is Used When Members of the Population

question 45

Multiple Choice

A _________ sample is used when members of the population are chosen to become part of the sample simply because they are easily accessible.

• A)cluster
• B)probability
• C)convenience
• D)stratified

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Definitions:

Aggregate Production

The total output of goods and services produced by an economy over a specified period.

Aggregate Production

The total output of goods and services produced by an economy over a given period.

Aggregate Purchases

The total amount spent on goods and services within an economy at a given period of time.

Unintended Inventory Investment

Occurs when a business accumulates inventory beyond its planned level, often due to lower than expected sales.