Which Term Refers to Economic Variables Whose Values Are Measured

question 177

Multiple Choice

Which term refers to economic variables whose values are measured in monetary units?

• A) dichotomous variables
• B) nominal variables
• C) classical variables
• D) real variables

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Definitions:

Mode

The value that is most prevalent in a dataset.

Frequency Distribution

A frequency distribution shows how often each different value in a set of data occurs.

Formal Education

Structured and systematic instruction provided by trained teachers in institutions like schools and colleges, leading to recognized qualifications.

Employee Development

Organized activities and programs aimed at improving the knowledge, skills, and abilities of employees to enhance their performance and career progression.