In the ___________ sense, statistics means the science of collecting,classifying and using statistics or a statistical fact.
Singular
Plural
Both 1 & 2
None of these
The act of making goods and services is called ____________.
Distribution
Consumption
Production
Division of the national income into wages, profits, rent and interest is ____________.
Demand
Full form of GDP.
Gross Domestic Price
Gross Demand Price
Gross Domestic Product
Gross Development Price
_____________ is a person or organization that produce goods or services for sale.
Producer
Consumer
Seller
The word statistics is used in ___________ distinct senses.
Two
Three
Four
____________ involves collection and organization of data.
Economics
Policies
Statistics
Variables
__________ is the root of all economic problems.
Wants
Resources
Scarcity
Purchase of goods by consumers to satisfy their various needs is ____________.
____________ is summarised by calculating various numerical indices such as mean, variance and standard deviation.
Data
Information
Policy