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One administrator suggested walking into the break room and testing the people in there.
What type of sampling would this be? Explain why this method is biased. Be sure to name the kind(s) of bias you describe and link it to the variable of interest.
Net National Savings Rate
A measure of the total savings of an economy after taking into account depreciation, expressed as a percentage of Gross National Product (GNP).
Industrial Nations
Countries that are highly developed and have a major portion of their economy based on manufacturing and industry.
Labor Productivity
A measure of economic performance that compares the amount of goods and services produced (output) with the number of hours worked to produce those goods and services.
Economies Of Scale
Cost advantages that enterprises obtain due to their scale of operation, resulting in decreased costs per unit.
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