Measurement Is Best Defined as Which of the Following

question 22

Multiple Choice

Measurement is best defined as which of the following?

• A) directly comparing one individual to a standard reference individual
• B) the assignment of scores to individuals so the scores represent some characteristic of the individuals
• C) the use of an established measuring instrument such as a ruler or scale to describe an individual
• D) an objective method of counting individuals

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Definitions:

Consumption

The employment of goods and services by domestic units.

Savings

The portion of disposable income not spent on consumption of goods and services, set aside for future use or for investment.

Disposable Income

The financial resources available to a household for saving and spending after subtracting income taxes.

Consumption

The part of income or the amount of wealth that is used for purchasing goods and services for personal use.