What helps in condensing mass data into a numerical measures?
Economics
Marketing
Statistics
Science
Which is the first stage of statistical study?
Analysis of data
Presentation of data
Collection of data
Interpretation of data
___________ finds economic relationships using data and verifies them.
Market
None of these
In statistics, the first step is:
diagrammatic and graphic representation
calculating various numerical indies
collection and organization of data
none of these
The last stage of statistical study is:
Organisation of data
Statistics summarises and presents a meaningful overall information about a mass of ____________.
Data
Information
Policy
Expand GDP.
Gross Domestic Price
Gross Demand Price
Gross Domestic Product
Gross Development Price
Purchase of goods by consumers to satisfy their various needs is:
Production
Consumption
Distribution
Division of the national income into wages, profits, rent and interest is:
Demand
The root of all economic problems are:
Wants
Resources
Scarcity
Limited
