An Example of a Nominal Variable Is The

question 80

Multiple Choice

An example of a nominal variable is the:

• A) money supply.
• B) quantity of goods produced in a year.
• C) relative price of bread.
• D) real wage.

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Definitions:

Algebraic Expression

An expression composed of variables, numbers, and arithmetic operations.

Decreased

To become smaller or less in size, quantity, intensity, or degree.

Equivalent Phrase

A term or expression that has the same meaning as another, especially in a different mathematical context.

Difference

The outcome of deducting one figure from another.