If GDP Grew 3% in 1970,2

question 126

Multiple Choice

If GDP grew 3% in 1970,2.2% in 1971 and 2.5% in 1972 then,what is the average annual growth rate over this period?

• A)5%
• B)4%
• C)2.6%
• D)-2.2%

Understand the process and significance of intellectual property protection for businesses.

Recognize the financing implications of choosing different types of business entities.

Understand the employment law considerations relevant to business size and structure.

Know the patent laws and how they differ internationally.

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Definitions:

Systematic Random Sample

A sampling method where elements are selected from an ordered sampling frame using a starting point and a fixed periodic interval.

Subset

A set containing some or all elements of another set, without any additional elements.

Frame

In survey research, a frame is a list or representation of all the elements in the population from which a sample is drawn.

Quota Sample

A non-random sampling technique where individuals are selected based on certain traits or characteristics until a predetermined number is reached.