Income Is an Example of

question 61

Multiple Choice

Income is an example of

• A)categorical data
• B)either categorical or quantitative data
• C)dollar data
• D)quantitative data

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Definitions:

E-commerce

Buying and selling on the Internet.

Discounters

Retailers or sellers that offer goods and services at lower prices by reducing overhead costs and margins, often leading to high volume sales.

Misery Index

An economic indicator calculated by adding the unemployment rate to the inflation rate, aiming to measure the health of an economy.

Unemployment Rate

This measures the percentage of the labor force that is jobless and actively seeking employment.