Which "Branch" of Statistics Uses Numerical Observations and Incorporates Them

question 38

Multiple Choice

Which "branch" of statistics uses numerical observations and incorporates them into an organized and informative summary of the data?

• A) inferential
• B) descriptive
• C) population
• D) sample

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Definitions:

GDI

Gross Domestic Income, which measures a country's total income earned from its economic activities, including wages, profits, and taxes minus subsidies.

GDP

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

Net Domestic Product

The total value of all goods and services produced within a country in a specific time period, minus the depreciation on its capital goods.

National Income

The total value of all goods and services produced by a country's economy over a specific period, often used as a measure of the economic health of a nation.