Which Type of Scale Has All the Properties of an Interval

question 7

Multiple Choice

Which type of scale has all the properties of an interval scale with the additional attribute of representing absolute quantities, characterized by a meaningful absolute zero?

• A) nominal scale
• B) discrete scale
• C) infinite scale
• D) ratio scale

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Definitions:

Money Supply

The total amount of money available in an economy at a specific time, including physical currency and demand deposits.

Investment Curve

A graphical representation in economics showing the relationship between the rate of investment and factors such as interest rates, expected returns, or other economic variables.

Interest Rate

It's the percentage at which interest is paid by borrowers for the use of money that they borrow from lenders.

GDP

A synonym for Gross Domestic Product, it is the monetary measure of all final goods and services produced within a country's borders in a specific time period.