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An Example of a Problem with Existing Statistics Can Occur

question 56

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An example of a problem with existing statistics can occur when a researcher defines a concept such as unemployment in one way but the available statistical information gathered by a government agency uses a different definition.What type of problem can this create?


Definitions:

Karl Marx

A 19th-century philosopher, economist, and revolutionary socialist who developed the theory of Marxism, critiquing the impacts of capitalism on society.

Capitalists

Individuals or entities that own capital goods, invest in business ventures, and seek to generate profits within an economic system based on capitalism.

19th Century

Refers to the 1800s, a period marked by industrialization, political changes, and significant technological advancements.

18th Century

The period from 1701 to 1800, recognized in history for significant social, political, and industrial changes worldwide.

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