Economic variables whose values are measured in goods are called
A)dichotomous variables.
B)nominal variables.
C)classical variables.
D)real variables.

Question

Quizplus · Accepted Answer

Real variables are economic variables whose values are measured in goods. Dichotomous variables have only two possible values, nominal variables are variables that are named or labeled, and classical variables are those used in classical economic theory, including labor, capital, and land.

Economic Variables Whose Values Are Measured in Goods Are Called