________ Is Information That Is Contributed by Consumers Themselves to Databases

question 29

Multiple Choice

________ is information that is contributed by consumers themselves to databases such as social media profiles, answers to online surveys or questionnaires, or personal information such as name and e-mail contact when visiting webpages.

• A) Secondary data
• B) Declared data
• C) Observed data
• D) Panel data

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Definitions:

Income Distribution

The way in which total income is divided among individuals or households in an economy.

Labor

The human effort, both physical and mental, used in the production of goods and services.

Capital

Economic resources or assets used in the production of goods and services, such as machinery, buildings, or tools.

Marginal Product

The additional output resulting from the use of one more unit of a production input, holding other inputs constant.