The Time Lag Between When an Economic Problem Arises and When

question 41

Multiple Choice

The time lag between when an economic problem arises and when it is reported in economic statistics is the

• A)recognition lag.
• B)implementation lag.
• C)impact lag.
• D)open-market lag.

---

Definitions:

Fact-based Support

Fact-based support involves making arguments, decisions, or setups based on factual evidence and data rather than intuition, assumptions, or personal belief.

Hyperlink Data

Information contained in a hyperlink that connects one document or webpage to another on the Internet or within a digital document.

Data Mart

A subset of a data warehouse, focused on a specific line of business, department, or subject area, making it easier to retrieve relevant data.

Data Mining

The process of discovering patterns and knowledge from large amounts of data.