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Introduction

Question

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Give two examples of quantitative data.

Solution

(i) Prices of goods.

(ii) Incomes of individuals.

Some More Questions From Introduction Chapter

What is consumption ?

Who is a producer ?

What is production ?

What is saving ?

Define investment.

Who are the agents of production ?

Define economic problem.

Define Statistics as a plural noun.

Define statistics as a singular noun.

Would it be called statistics if it is said that there are 2000 students in our school ?

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