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A national political pollster randomly selects ten states,then randomly selects five counties within each state,then randomly selects five voting precincts within these counties,then randomly selects five blocks within these precincts,and finally,randomly selects five households for door-to-door interviews about their voting intentions in the next Presidential election.This is best called a(n) ____.
Higher Inflation
An economic condition characterized by a significant increase in prices and a decrease in the purchasing value of money.
Annual Output
The aggregate sum of products and services generated by an economy or company within a single year.
Standard of Living
A measure of the economic welfare and the quality of life of a population, based on income, employment, class disparity, poverty rate, and housing affordability.
Productivity
The efficiency of production measured by the output per unit of input.
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