In Stratified Sampling,the Population Is Divided into Relatively Homogeneous Subsets

question 50

True/False

In stratified sampling,the population is divided into relatively homogeneous subsets called strata,and then random samples are taken from each stratum.

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Definitions:

Interest Payments

Payments made to lenders as a return on borrowed capital, typically expressed as a percentage of the principal.

Deficits

Occurs when an entity, typically a government, spends more money than it receives in revenue over a specific period, resulting in a shortfall that needs to be financed.

Inflationary Gap

The difference between the actual level of output in an economy and the output level needed to achieve full employment without inflation.

Budget Surplus

A situation where income or revenues exceed expenditures over a specified period of time.