An Example of a Disadvantage of Secondary Data Not Being

question 6

True/False

An example of a disadvantage of secondary data not being reported in measurement units that match the researchers needs would be: income being reported before-tax household income, instead of after-tax per capita income.

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Definitions:

Income

The financial gain received by an individual or a business in exchange for providing a good or service or through investing capital.

Price

The amount of money required to purchase a good or service, determined by factors such as demand, supply, and production cost.

Law Of Demand

The claim that, other things being equal, the quantity demanded of a good falls when the price of the good rises

Price

The monetary value assigned to a product or service, determined by various factors including supply and demand, production cost, and market competition.