Which of the Following Statements Pertaining to Secondary Data Analysis

question 7

Multiple Choice

Which of the following statements pertaining to secondary data analysis is true?

• A)It influences people's behavior.
• B)The data is generally difficult to acquire.
• C)It can provide researchers with everything they need.
• D)It does not require the collection of new data.

---

Definitions:

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, income, employment, and other indicators.

Investment

The allocation of resources, such as capital or time, into something with the expectation of generating income or profit in the future.

Consumption

The action of using goods and services for personal needs or wants.

Annual Variations

Fluctuations in economic indicators or values that occur on a yearly basis due to various factors such as seasonal patterns or cyclical trends.