If a broad spectrum of the population is surveyed at a given time the study is called______________?
Correct answer: D. cross sectional
- A. longitudinal
- B. inferential
- C. descriptive
- D. cross sectional
Explanation
A cross-sectional study observes a broad population at one point in time, like taking a snapshot. A longitudinal study instead follows the same subjects or population over an extended period.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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