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Professor Singh creates a survey to measure how happy his students are with his teaching this semester. He is teaching two classes: Psychology and Law and Introduction to Neuroscience. He writes the following questions for his survey:
A.What was your favorite part of this class?
B.Please rate how much you agree with the following statement using the scale below: This was one of my favorite classes all semester.
C.Which of the following is most true of you? a. I am a very serious student. b. I try only as hard as I have to.
D. How easy did you feel this class was?
Which of the questions above is an example of a question that uses a Likert scale?
Base Year
A specific year against which economic variables are measured and compared in indices or other economic calculations.
Price Index
A measure that examines the weighted average of prices of a basket of consumer goods and services, changing over time to reflect the cost of living.
Inflation
An economic condition characterized by an overall increase in prices and decrease in the purchasing value of money.
Deflation
A decrease in the general price level of goods and services, often indicating a contraction in the amount of money in circulation.
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