When Stratifying the Population,the Characteristics Should Be as

question 94

Multiple Choice

When stratifying the population,the characteristics should be as

• A)close in value as possible within each strata.
• B)far apart in value as possible between any two strata.
• C)far apart in value as possible within each strata.
• D)Both b and c.
• E)Both a and b.

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Definitions:

Aggregate Demand Curve

A graph showing the relationship between the total demand for goods and services and the overall price level in the economy, all else being equal.

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate reflection of an economy’s size and growth rate.

Aggregate Supply Curve

A graphical representation showing the relationship between the overall price level in an economy and the total output produced by that economy at various price levels.

Price Index

A number that shows the average price of products; changes in a price index over time show changes in the economy’s average price level.