Because______________and______________measures Are Similar When It Comes to Analysis, Many Researchers

question 54

Multiple Choice

Because______________and______________measures are similar when it comes to analysis, many researchers refer to both types as continuous measures.

• A) interval, ratio
• B) nominal, interval
• C) ordinal, ratio
• D) nominal, ordinal
• E) ratio, nominal

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Definitions:

Price Level

The average price point of the entirety of goods and services in the economic scope.

Personal Consumption Expenditures

Refers to the value of goods and services purchased by households for the purpose of consumption.

Gross Private Domestic Investment

The total amount of money spent on investment in physical assets (such as buildings and machinery) by the private sector.

Government Spending

The total amount of money that the government expends on goods, services, and public projects to provide for citizens or stimulate the economy.