the collection and reliability of data

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  • Created by: Lima
  • Created on: 18-09-13 13:00
scienitific method
1) theories need to be tested 2) data might be used to refute/support a theory
1 of 5
macro-economic data
1) very reliable statistically 2) don't provide good measure of relevant economic variable 3) collected from a wide variety of sources
2 of 5
nominal values
values that are unadjusted for inflation and are expressed at current prices
3 of 5
real values
data adjusted for inflation
4 of 5
surveys
only reliable if there's accurate sampling and measuring, and not as accurate as a complete count
5 of 5

Other cards in this set

Card 2

Front

macro-economic data

Back

1) very reliable statistically 2) don't provide good measure of relevant economic variable 3) collected from a wide variety of sources

Card 3

Front

nominal values

Back

Preview of the front of card 3

Card 4

Front

real values

Back

Preview of the front of card 4

Card 5

Front

surveys

Back

Preview of the front of card 5

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