Classify the Measurement Type in the Following Example As

question 11

Multiple Choice

Classify the measurement type in the following example as:

• A)nominal data
• B)ordinal data
• C)interval data
• D)ratio data
• A person's age in years

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Definitions:

Depreciate

The gradual reduction in the economic value of tangible fixed assets due to wear and tear over time.

Euro

The Euro is the official currency of the Eurozone, used by 19 of the 27 European Union countries.

Real Exchange Rate

The rate at which two currencies can be exchanged after adjusting for their differing levels of inflation.

Foreign Goods

Products or services that are produced in other countries and then imported into one's own country for consumption or use.