A Survey by Nelson Asked Consumers to Check Where They

question 48

Multiple Choice

A survey by Nelson asked consumers to check where they were most likely to look for information about a new book. Possible answers were book club catalogues, book reviews in newspapers, book reviews in magazines, television programs, friends, radio programs, local reading groups, or the Internet. What type of question was used in this survey?

• A)multiple choice
• B)dichotomous
• C)scaled response
• D)open ended

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Definitions:

Inflation

is the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Savings

Savings refer to the portion of income that is not spent on consumption but is set aside for future use, often in a bank account or other investment vehicle.

Nominal Interest Rates

Refer to the interest rates before adjustments for inflation, representing the face value of interest paid or received.

Money Growth

Money growth refers to the rate at which the supply of money in an economy increases, influencing inflation and economic activity.