If You Had Created a New Survey, in What Ways

question 45

Essay

If you had created a new survey, in what ways would you verify its construct validity?

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Definitions:

Descriptive Economics

A branch of economics that focuses on describing economic phenomena, without making judgments or recommendations.

Empirical Economics

The branch of economics that focuses on using data and statistical methods to analyze economic theories and test hypotheses.

Macroeconomics

The branch of economics that studies the behavior and performance of an economy as a whole, focusing on aggregate indicators such as GDP, unemployment rates, and inflation.

Limited Resources

The finite availability of resources that are used for the production of goods and services.