Question: Nominal variables are variables that are measured in: Multiple choice question. employment units while real variables are measured by money. numerical units while real variables

Nominal variables are variables that are measured in:
Multiple choice question.
employment units while real variables are measured by money.
numerical units while real variables are measured in monetary units.
units of output while real variables are measured in prices.
monetary units while real variables are measured in numerical units.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!