An Example of Nominal Data Would Be ________

question 74

Multiple Choice

An example of nominal data would be ________.

• A)classifying employees by job title
• B)rating a restaurant as poor,good,or very good
• C)ranking customer flow by day of the week
• D)comparing stores by sales in dollars

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Definitions:

National Income

The total amount of money earned within a country, including wages, rent, interest, and profits.

GDP Deflator

A metric that tracks the price points of all newly produced domestic final goods and services, aimed at transforming nominal GDP into real GDP.

Per Capita Real GDP

A measure of the average economic output per person, adjusted for inflation, in a specific area.

Population

Population refers to the total number of people living in a particular area or country at a specific time.