The Process of Putting Ambiguous or Cumbersome Data into Short

question 73

Multiple Choice

The process of putting ambiguous or cumbersome data into short, easily entered digits or letters is called:

• A) coding.
• B) data entry.
• C) data capture.
• D) data analysis.

Understand the concept of aggregate expenditure and its relationship with fiscal policy.

Recognize the role of government in affecting economic variables through fiscal policy.

Identify the fiscal measures to close a recessionary gap.

Understand how fiscal policy influences real GDP and employment.

---

Definitions:

Product Promotion

The act of marketing or advertising a product to increase awareness or sales.

Different Industries

Sectors of the economy that produce different types or categories of goods and services.

Entry Barriers

Obstacles that make it difficult for new competitors to enter a market, which can include high startup costs, regulatory requirements, and strong brand loyalty among existing customers.

Dominant Firms

Companies that have a major share of sales in a particular market, giving them significant power over the market price.