Examlex
Assume the inflation rate in 2016 is 1.5%. If the nominal GDP grew 3.1% and nominal wages grew 2.0%, what are the approximate real growth rates of GDP and wages?
Observational Studies
Research methods in which subjects are observed in their natural environment without any manipulation by the researcher.
Cause and Effect
The principle that every event (effect) has a cause or reasons behind it, and every cause leads to an effect.
Generalize
The act of applying specific observations to broader contexts or populations.
Naturalistic Observation
An observational study technique where participants are watched in their usual surroundings without any intervention from the researcher.
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