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Suppose PPP holds, markets are efficient, there are no taxes, and relative prices remain constant. In such a world,
Target Population
The entire group of individuals or instances about whom the research is focused and to whom the results of the study are intended to be generalized.
Systematic Difference
Differences between groups or conditions that are consistent, predictable, and attributable to a specific cause or intervention in a study.
Population
In research, population refers to the entire group of individuals or instances about whom the study is making conclusions, from which a sample can be drawn for analysis.
Observations
The action or process of observing something or someone carefully or in order to gain information.
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