A Respondent to a Survey Indicates That He Has Lived

question 13

True/False

A respondent to a survey indicates that he has lived in his current residence for three years. This is an example of qualitative data.

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Definitions:

Research and Development

The investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.

GDP Statistics

Quantitative data that measure the output of a country's economy, indicating economic health and progress by tracking changes in gross domestic product over time.

Standard of Living

A level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class in a certain geographic area.

Technological Improvements

Advances in technology that enhance productivity, efficiency, or quality in goods and services.