The Nonresponse Rate Is Calculated By

question 24

Multiple Choice

The nonresponse rate is calculated by:

• A) dividing the number of completed interviews by the number of eligible units in the sample
• B) dividing the number of completed interviews into the number of eligible units in the sample
• C) dividing the percentage of completed interviews by the percentage of eligible units in the sample
• D) dividing the percentage of incomplete interviews by the incidence rate
• E) none of the above

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Definitions:

Perfect Substitutes

Two goods for which the marginal rate of substitution of one for the other is a constant.

Labor Costs

The total sum of all wages, benefits, and taxes that businesses must pay for employing workers.

Rental Rate

The cost of renting a property, piece of equipment, or other asset, typically expressed per unit of time.

Short-Run Average Cost

The average cost of production per unit in the short term, where some inputs are fixed and others are variable.