Real GDP Per Capita Is Calculated by Dividing the Value

question 102

True/False

Real GDP per capita is calculated by dividing the value of real GDP for a country by the country's adult population.

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Definitions:

Coverage Error

A statistical error that occurs when some members of the intended population are not represented in the sampling frame.

Sampling Frame

The list or database from which a sample is drawn in research, representing the population of interest.

Sampling Error

The discrepancy between the statistical characteristics of a population and those of a sample drawn from it, which occurs purely by chance.

Data Management

The practice of collecting, keeping, and using data securely, efficiently, and cost-effectively through the use of policies, procedures, and technologies.