Sampling Error Refers to _____

question 34

Multiple Choice

Sampling error refers to _____.

• A) differences between the sample statistics and the population's parameters caused by random fluctuations inherent in the sampling process
• B) bias caused by using a poor sample frame
• C) error created by systematic variance
• D) differences between the results of a census and the population's parameters
• E) error created by differences between those who respond to the survey and those who do not

---

Definitions:

Balancing the Budget

The process of adjusting income and expenditure so that they equal each other, resulting in neither a budget deficit nor a surplus.

Money Supply

The total amount of monetary assets available in an economy at a specific time, including cash, bank deposits, and other liquid assets.

Expansionary Monetary Policy

A monetary policy approach used by central banks to increase the money supply and lower interest rates, aiming to stimulate economic growth.

Classical Economics

A school of thought in economics that emphasizes the importance of free markets, competition, and the self-regulating nature of economies.