A Pilot Study Is a Small Study Carried Out Before

question 49

True/False

A pilot study is a small study carried out before the main study, in order to ensure that the data collection method designed for the study works as it is meant to work.

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Definitions:

APS

Stands for Average Propensity to Save, which measures the proportion of income that households save rather than spend on goods and services.

Autonomous Consumption

The level of consumption that occurs when income is zero, representing the consuming behavior independent of current income.

Aggregate Household

The combined and total measure of all consumers in an economy, accounting for all spending and consumption.

Disposable Income

The amount of money that individuals or households have available to spend or save after income taxes have been deducted.