In Comparison to Primary Data,secondary Data

question 36

Multiple Choice

In comparison to primary data,secondary data

• A) are more costly to gather.
• B) are always valid even if they are not always reliable.
• C) are more time-consuming to gather.
• D) availability guarantees the researcher will do a better job.
• E) can be gathered from internal sources as well as external sources.

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Definitions:

Labor Cost

The total expenditure faced by employers for the wages, benefits, and taxes associated with employing labor.

Tax Burden

The economic impact of taxation on an individual or entity, often expressed as the total amount of tax paid divided by the total income.

Workersʹ Share

The portion of total income in an economy that is paid to labor.

Total Tax Collections

The aggregate amount of taxes collected by a government from various sources during a specified period.