In Your Text, the Author Says, "Data, by Themselves, Have

question 17

Essay

In your text, the author says, "Data, by themselves, have no meaning; they have to be interpreted and given meaning, and how one interprets the data depends on the model and the building blocks one has in one's mind." What does he mean by this? What does this say about the relationship between empirical and formal models?

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Definitions:

Poverty Threshold

The minimum level of income deemed adequate in a particular country to live on; used to identify who is considered to be living in poverty.

Petty Bourgeoisie

A social class between the working class and the bourgeoisie, often including small business owners and self-employed individuals.

Proletariat

The class of wage-earners, especially in a capitalist society, who do not own the means of production and whose only sustainable means of livelihood is to sell their labor.