Qualitative Data Are Nonnumeric Data

question 65

True/False

Qualitative data are nonnumeric data.

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Definitions:

Savings Bond

A government bond that offers a fixed interest rate over a fixed period of time, often considered a safe investment.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources, labor, etc.).

World War II

A worldwide war that spanned from 1939 to 1945, engaging the majority of the planet's countries, with all the major powers eventually splitting into two conflicting military coalitions: the Allies and the Axis.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, marked by high unemployment and deflation in most countries.