Income Is an Example of a Variable That Uses the

question 49

Multiple Choice

Income is an example of a variable that uses the

• A)ratio scale
• B)interval scale
• C)nominal scale
• D)ordinal scale

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Definitions:

Treasury Bonds

Long-term government debt securities with a fixed interest rate and maturity of more than 10 years.

Bank Loan

A sum of money lent by a bank to a borrower under agreed terms for repayment with interest.

Gross Domestic Product

The complete financial or market worth of all the end products and services created inside a country's limits over a certain timeframe.

Aggregate Supply

The total supply of goods and services that firms in an economy are willing and able to sell at a given overall price level in a given time period.