New Technologies Such as Smart-Phone Apps and Body-Worn Sensors Have

question 655

Multiple Choice

New technologies such as smart-phone apps and body-worn sensors have enabled the collection of "big data" by means of

• A) the testing effect.
• B) case studies.
• C) experimentation.
• D) naturalistic observation.

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Definitions:

Nominal Wage

The amount of money paid to a worker per unit of time, measured in current currency terms without adjustment for inflation.

Price Level

A general measure of current prices for every type of good or service created in the economy.

Real Wage

The purchasing power of an individual's earnings, adjusted for inflation, reflecting the actual goods and services that wages can buy.