Division of the national income into wages, profits, rent and interest is
Production
Consumption
Distribution
Demand
____________ is the process through which human wants are satisfied.
Profit
Resources have _____________ uses.
Limited
Wants
Alternative
Scarce
____________ involves collection and organizing of data.
Economics
Policies
Statistics
Variables
In statistics is the first step is
Diagrammatic and graphic representation
Calculating various numerical indies
Collection and organization of data
Analysis of data
_____________ is a person or organization that produce goods or services for sale.
Producer
Consumer
Seller
Investor
____________ helps in condensing mass data into a numerical measures.
Marketing
Public finance
____________ is summarised by calculating various numerical indices such as mean, variance and standard deviation.
Data
Information
Policy
Statistics plays an important role in
Mathematics
Physics
All the above
The word statistics is used in ___________ distinct senses.
Two
Three
Four
Five
