An Indicator Is Said to Be Valid If It

question 18

Multiple Choice

An indicator is said to be valid if it:

• A) provides consistent results through repeated tests
• B) matches the concept it is intended to measure
• C) provides a numerical value for an observation
• D) can be generalized

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Definitions:

Quantity Demanded

The aggregate sum of a product or service that buyers are ready and able to buy at a particular price point.

Gasoline

A flammable liquid derived from petroleum, primarily used as fuel in internal combustion engines.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price within a specified period.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period of time.