A Group of Consumers Fill Out a Survey Every 6

question 73

Multiple Choice

A group of consumers fill out a survey every 6 months about their shopping patterns.

• A)latitudinal tracking
• B)a longitudinal design
• C)a cross-sectional design
• D)a hierarchical format
• E)ethnographic research

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Definitions:

Income

Financial earnings received by an individual or entity, typically measured over a set period and derived from work, investments, or other sources.

Perfect Equality Line

In the context of income distribution, a theoretical line indicating equal income or wealth distribution among all participants.

Points

In various contexts, a measurement or scoring method used to quantify achievements, progress, or certain financial transactions, such as credit card rewards.

Income Mobility

Movement of individuals and families either up or down income-distribution rankings when comparisons are made at two different points in time. When substantial income mobility is present, a person’s current position in the rankings will not be a very good indicator of what his or her position will be a few years in the future.