Referring to the Information Below, What Type of Data Is

question 58

Multiple Choice

Referring to the information below, what type of data is illustrated? Coding scheme
Reimbursement Source
1 = Medicare
2 = Medicaid
3 = Blue Cross/Blue Shield
4 = Private Insurance
5 = Self-pay

• A) Categorical data
• B) Numeric data
• C) Textual data
• D) Alphanumeric data

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Definitions:

Real Variables

Variables measured in physical units.

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate measure of economic performance over time.

Economic Activity

The actions that involve the production, distribution, and consumption of goods and services within an economy.

Aggregate Demand

The comprehensive economic demand for all goods and services, marked at a particular price level over a certain period.