Determine Whether the Statement Is Based on Sample Data or Census

question 12

Multiple Choice

Determine whether the statement is based on sample data or census data
-In May of 2007, a Gallup poll asked the following question of 1007 people surveyed. Now thinking about how human beings came to exist on Earth, do you, personally, believe in evolution, or not? 68% of Republicans, 37% of Independents, and 40% of Democrats responded that they do not believe in evolution.

• A) Sample data
• B) Census data

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Definitions:

Economic Instability

A condition characterized by significant fluctuations in economic performance, manifesting in variables such as prices, demand, employment, and GDP.

Money Supply Growth

An increase in the total amount of money in circulation or in the economy within a specific period.

Monetarists

Economists who believe that variations in the money supply have major influences on national output in the short run and the price level over longer periods, and that the objectives of monetary policy are best met by targeting the growth rate of the money supply.

Monetary Rule

A guideline for the monetary policy stating that the central bank should aim at regulating the money supply to maintain stable prices, output, and employment.