When a Researcher Makes Inferences About the Meaning of the Data

question 49

Multiple Choice

When a researcher makes inferences about the meaning of the data from a research study and draws conclusions about what these data mean in terms of their implications, this is an example of _____.

• A) data analysis
• B) data interpretation
• C) data transformation
• D) data conclusion

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Definitions:

GDP Deflator

An indicator of the price levels for all fresh, domestically created, final goods and services within an economy, utilized to modify nominal GDP for the determination of real GDP.

Real GDP

The total value of all goods and services produced within a country, adjusted for inflation, over a specific time period.

Percentage Change

A mathematical calculation that shows how much a quantity has increased or decreased as a proportion of its previous value.

GDP Deflator

An economic measure of inflation that divides the nominal GDP by the real GDP and multiplies by 100, showing how much prices have changed over a specified time.