The ___________ is the one who consumes the goods and services produced.
Producer
Consumer
Seller
None of these
_____________ refers to the way total output, income or wealth is distributed among the factors of production.
Production
Distribution
Consumption
Statistics deals with __________.
Collection of data
Factors of production
Both 1 & 2
____________ helps in condensing mass data into a numerical measures.
Economics
Marketing
Statistics
In the _____________ sense, statistics means numerical facts systematically collected.
Singular
Plural
Manufacture of goods by produces for the market is ____________.
_____________ 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
Data may be classified into as either ____________.
Quantitative
Qualitative
Division of the national income into wages, profits, rent and interest is ____________.
Demand
Resources have _____________ uses.
Limited
Wants
Alternative