Data That Are Collected by an Individual Through Personally Planned

question 8

Multiple Choice

Data that are collected by an individual through personally planned experimentation or observation are ________.

• A) secondary data
• B) quantitative data
• C) primary data
• D) variables

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Definitions:

Productivity

A measure of the efficiency of production, often expressed as the ratio of outputs produced to inputs used within a certain period.

Increasing Rate

A situation where a numerical value or quantity grows over a period of time, which can refer to things like interest rates or inflation.

Gross Savings

Gross Savings refers to the total amount of savings retained by an economy after all expenses have been met but not including depreciation.

GDP

Gross Domestic Product, the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.