Every 10 Years, a Census Is Taken in the U

question 48

Essay

Every 10 years, a census is taken in the U.S. by the Census Bureau. Despite the intent of gathering data on the population of the United States, issues exist that make true population data impossible to gather. Identify at least two issues in collecting these data.

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Definitions:

Recessionary Gap

The difference between the actual output of an economy and its potential output at full employment, indicating underutilization of resources.

Inflationary Expectations

The anticipation of future inflation rates, influencing economic decisions and behavior.

Discretionary Policy

Economic policies based on ad hoc decisions by the government or monetary authorities to influence the economy, such as changes in spending or taxation.

Inflationary Expectations

The anticipation by consumers and businesses of future inflation, which can influence economic behavior such as spending, saving, and investment.