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Whenever spending changes,which of the following dampens the overall effect on GDP?
Finite Population Correction Factor
A factor applied to the computation of the standard error when sampling from a finite population, to adjust for the size of the population relative to the sample size.
FPC
Finite Population Correction, a factor applied in sample size calculations to adjust for sampling from a finite population, ensuring more accurate results.
Standard Error
A statistical metric that measures the accuracy with which a sample distribution represents a population, calculated as the standard deviation of the sampling distribution.
Margin of Error
An expression of the amount of random sampling error in a survey's results, indicating a range within which the true population parameter is likely to lie.
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