Which of the Following Is Not Required for a Simple

question 3

Multiple Choice

Which of the following is not required for a simple random sample from a population of 20 individuals?

• A)Each individual in the population has a 1/20 probability of being selected.
• B)The selection of one individual is independent of the selection of any other individual.
• C)After 20 selections,each individual must have been selected exactly one time.
• D)The individual obtained on any specific selection must be unpredictable.

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Definitions:

Net Exports

The net amount obtained when a nation's overall imports are subtracted from its overall exports.

GDP Deflator

A measure of the level of prices of all new, domestically produced, final goods and services in an economy, used to adjust nominal GDP to calculate real GDP.

Inflation

The acceleration in the general cost levels of goods and services, causing a decline in the ability to acquire.

Real GDP

Real Gross Domestic Product (GDP) measures the value of all final goods and services produced within a country in a given period, adjusted for inflation.