Which of the Following Is an Indicator of How Much

question 125

Multiple Choice

Which of the following is an indicator of how much output the average person would get if all output were divided up evenly among the population?

• A)GDP deflator.
• B)Nominal GDP.
• C)Per capita GDP.
• D)Real GDP.

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Definitions:

Stratified Random Sampling

A statistical sampling method that divides the population into smaller groups, or strata, and randomly samples from each group to ensure representation across key variables.

Sampling Bias

A systematic error that occurs when a sample is not representative of the population from which it is drawn, leading to skewed and unreliable results.

Sampling Error

The error caused by observing a sample instead of the whole population, leading to a difference between the sample statistic and the population parameter.

Population Parameters

Quantitative characteristics of a population, such as mean or standard deviation, derived from measurements of the individuals within the population.