Statistics summarises and presents a meaningful overall information about a mass of ____________.
Data
Information
Policy
None of these
Full form of GDP
Gross Domestic Price
Gross Demand Price
Gross Domestic Product
Gross Development Price
__________ is the root of all economic problems.
Wants
Resources
Scarcity
The numerical measures help to summarise ____________.
Data may be classified into as either ____________.
Quantitative
Qualitative
Both 1 & 2
Manufacture of goods by produces for the market is ____________.
Production
Consumption
Distribution
Statistics plays a vital role in ___________.
Decision making
_____________ refers to the market value of all final goods and services produced in a country in a given period.
GDP
NDP
National Income
Personal Income
____________ is the process through which human wants are satisfied.
____________ involves collection and organization of data.
Economics
Policies
Statistics
Variables