The word statistics is used in ___________ distinct senses.
Two
Three
Four
None of these
____________ is the process through which human wants are satisfied.
Distribution
Production
Consumption
In the ___________ sense, statistics means the science of collecting,classifying and using statistics or a statistical fact.
Singular
Plural
Both 1 & 2
____________ involves collection and organization of data.
Economics
Policies
Statistics
Variables
_____________ 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
Resources have _____________ uses.
Limited
Wants
Alternative
Full form of GDP.
Gross Domestic Price
Gross Demand Price
Gross Domestic Product
Gross Development Price
____________ helps in condensing mass data into a numerical measures.
Marketing
_____________ is a person or organization that produce goods or services for sale.
Producer
Consumer
Seller
Purchase of goods by consumers to satisfy their various needs is ____________.