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In a nominal data set,

27. The following data show nominal GDP and the appropriate price index for several years. Compute real GDP for each year and
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2. asked by marc
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Give examples of nominal, ordinal, interval. and ratio data. Then, convert your ratio data example into interval, ordinal, and
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2. asked by Lynn
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The number of pencil used during a test is a type of which data?nominal qualitative ordinal qualitative discrete quantitative
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2. asked by helen
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In relation to Economics, explain the difference between nominal data and real data?*if someone can help me understand this
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2. asked by Timothy
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If objects are measured using a scale with equal intervals, but no absolute zero, the data are called ______ data.ordinal ratio
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What fundamental economic concept distinguishes nominal GDP from real GDP.a. Nominal GDP is used to measure an economy's output,
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2. asked by qwpovj
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What is the difference between real GDP and nominal GDP? (1 point)O Nominal GDP is adjusted for inflation, while real GDP is
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In a nominal data set, what is the preferred measure of central tendency?
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2. asked by Luis
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You bought some shares of stock and, over the next year, the price per share increased by 5 percent, as did the price level.
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Which level of data has an absolute zero?A) nominal B) ratio C) ordinal D) interval IS IT (B)
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