When Does Data Become Information

question 138

Multiple Choice

When does data become information?

• A) when the data are actually used in a business situation
• B) when the data are processed, organized, and presented
• C) when the data are bought by someone else
• D) when the data are published in a newspaper or magazine

---

Definitions:

Crowding Out

A situation in which increased government spending leads to a reduction in private sector spending and investment.

Contractionary Gap

A situation where an economy's real GDP is lower than its potential GDP, indicating underutilization of resources.

Cyclically Balanced

An economic situation where fiscal policy is designed to be neutral over the business cycle, allowing for temporary deficits or surpluses but aiming for a long-term balance.

Federal Deficits

The financial situation in which a government's expenditures exceed its revenues within a given fiscal year, leading to borrowing or the issuance of debt.