Which of the Following Is a Type of Probability Sample

question 90

Multiple Choice

Which of the following is a type of probability sample?

• A) Judgment sample
• B) Convenience sample
• C) Random sample
• D) Quota sample
• E) Snowball sample

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Definitions:

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced within a country in a given period, reflecting the actual productivity.

Price Level

A comprehensive average of prices for all goods and services within the economic output.

Inflation

The surge in the overall pricing structure for goods and services, undermining the efficiency of spending.

Goods and Services

The outputs produced by the economy, where goods are tangible objects and services are intangible offerings that satisfy consumer needs or wants.