Identify the Strengths and Weaknesses of Each of the Following

question 39

Essay

Identify the strengths and weaknesses of each of the following.
a. open-ended questions
b. closed-ended questions

---

Definitions:

Tax Cut

A reduction in the amount of taxes imposed by a government on individuals or businesses.

Gross Domestic Product

A measure of the economic productivity of a country, quantifying the total value of all goods and services produced over a specific time period.

Planned Investment

Future directed expenditure by firms on physical assets like machinery and buildings, anticipated to enhance productivity.

Interest Rates

The cost of borrowing money or the return on savings, typically expressed as a percentage of the principal sum annually.