Secondary Data ________

question 28

Multiple Choice

Secondary data ________.

• A) are generally more costly to acquire or generate than primary data
• B) are always publicly generated and available
• C) are almost always derived from surveys and focus groups
• D) can be collected more quickly and less expensively than primary data

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Definitions:

Current

Relevant to the present time or most recent; also, a flow of electricity or the flow of water in a river or sea.

Misery Index

An economic indicator created by adding the unemployment rate to the inflation rate, intended to measure economic discomfort.

Year

A period of time equal to 365 days, or 366 in leap years, used for calculating time in calendar terms.

Recession

An interim period of economic fallback, where there’s a noticeable dip in commercial and industrial outputs, customarily marked by a decrease in GDP in two successive quarters.