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Question

Write five examples each of 'quantitative variables' and 'qualitative variables'. Quantitative variables should be the well known terms of Economics, like production of wheat in India over the last 10 years.

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Solution

Quantitative Variable Qualitative Variables
1. National Income 1. Complexion
2. Aggregate consumption 2. Maturity
3. Investment 3. Appearance
4. Inflation rate 4. Intelligence
5. Saving by an individual 5. Beauty

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