Which of the Following Is Most Accurate with Respect to Published

question 71

Multiple Choice

Which of the following is most accurate with respect to published statistics?

• A) published statistics such as FBI data presents almost no threat to validity
• B) published statistics such as FBI data presents almost no threat to reliability
• C) published statistics such as FBI data presents potential threats to validity and reliability
• D) published statistics such as FBI data should only be used by law enforcement since the data was collected by them

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Definitions:

Net Private Domestic Investment

The total amount spent by businesses and firms in the economy on capital goods, minus depreciation.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.

Gross Private Domestic Investment

The total amount of private domestic investment in physical assets such as buildings, machinery, and equipment by businesses and individuals within a country.

Income Approach

A method of calculating GDP by adding up all incomes within the economy, including wages, interest, profits, and rents.