Purchase of goods by consumers to satisfy their various needs is ____________.
Production
Consumption
Distribution
None of these
Who is the provider of goods or services?
Seller
Consumer
Producer
Division of the national income into wages, profits, rent and interest is ____________.
Demand
____________ involves collection and organization of data.
Economics
Policies
Statistics
Variables
The numerical measures help to summarise ____________.
Information
Data
Policy
Economic facts are known as ___________.
Full form of GDP.
Gross Domestic Price
Gross Demand Price
Gross Domestic Product
Gross Development Price
Statistics plays a vital role in ___________.
Decision making
Both 1 & 2
___________ finds economic relationships using data and verifies them.
Market
______________ refers to qualitative or quantitative attributes of a variable or set of variables.
