Problem
1. What type of measurement scale (nominal, ordinal, interval, or ratio) is being used in the following situations? Musical scales Insurance risk classes for automobile insurance Numbering of pages in a book A grocery scale A grocery scale deliberately set 10 pounds too high Assignment of students to advisers, based on major
2. If general price-level adjustment is concerned with the change over time of the purchasing power of the monetary unit, why is it not considered to be a current value approach?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.