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A Cluster Sample Is a Type of Stratified Sample That

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A cluster sample is a type of stratified sample that is based on geographical location.


Definitions:

Inflation Rate

A general rise in prices for goods and services across an economy over a certain timeframe.

Nominal

Nominal values refer to monetary values or economic statistics not adjusted for inflation, reflecting their face value.

Real Interest Rate

The interest rate corrected for the effects of inflation.

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