Users of Existing Statistics Are Well Advised to

question 33

Multiple Choice

Users of existing statistics are well advised to

• A) let the availability of data dictate the research question or hypothesis to be addressed.
• B) carefully reconstruct the process by which the data were originally assembled.
• C) so far as possible, restrict themselves to official data sources where the accuracy and consistency of the data can be assumed.
• D) search for the best single indicator rather than rely on multiple indicators of a concept.

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Definitions:

Net Exports

The value of a country’s exports minus the value of its imports.

Transfer Payments

Payments made by the government to individuals or organizations without the receiver providing any goods or services in exchange.

GDP Calculation

The process of determining the Gross Domestic Product of a country, which can include adding up all income earned in the economy or all expenditures made.

Consumption

The use of goods and services by households. It is a primary component of GDP and an indicator of economic health.