Data That Have Been Collected for Some Other Purpose Than

question 7

Multiple Choice

Data that have been collected for some other purpose than to answer the question at hand are called ________.

• A) primary data
• B) secondary data
• C) mined data
• D) experimental data
• E) ethnographic data

---

Definitions:

Loanable Funds

This term refers to the funds available for borrowing in the economy, which includes savings and any capital available for lending to others for investment.

Taxation

The practice of a government collecting revenues from individuals and businesses to fund public services and infrastructure.

Loanable Funds

A marketplace where individuals who save provide capital for those in need of loans.

Potential Investments

Opportunities for allocating resources with the expectation of generating a future financial return or benefit.