which of the following is NOT a problem in using economic statistics?a) using GDP statistics to compare income in the U.S. and Bangladesh may be inaccurate because household production (non-market) is a much higher percentage of the economy of Bangladesh.b) Using the published CPI statistics to calculate changes in the purchasing power of your income is inaccurate because the CPI is calculated for the "average consumer's" spending pattern.c)The same statistics are often interpreted differently by different politicians and reporters, which makes it difficult to understand what is really happening without understanding how the statistics were calculated.d) Government statisticians in the U.S. frequently distort the numbers. . Which of the following is NOT a problem in using economic statistics?a) Using GDP statistics to compare income in the U.S. and Bangladesh may be inaccurate because household production (non-market) is a much higherO percentage of the economy of Bangladesh.b) Using the published CPI statistics to calculate changes in the purchasing power of your income is inaccurate because the CPI is calculated for theO "average consumer's" spending pattern.c) The same statistics are often interpreted differently by different politicians and reporters, which makes it difficult to understand what is really happeningO without understanding how the statistics were calculated.O d) Government statisticians in the U.S. frequently distort the numbers.

Economic statistics refers to the collection, compilation, processing, analysis, and dissemination…

Answered: which of the following is NOT a problem…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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which of the following is NOT a problem in using economic statistics?

a) using GDP statistics to compare income in the U.S. and Bangladesh may be inaccurate because household production (non-market) is a much higher percentage of the economy of Bangladesh.

b) Using the published CPI statistics to calculate changes in the purchasing power of your income is inaccurate because the CPI is calculated for the "average consumer's" spending pattern.

c)The same statistics are often interpreted differently by different politicians and reporters, which makes it difficult to understand what is really happening without understanding how the statistics were calculated.

d) Government statisticians in the U.S. frequently distort the numbers.

. Which of the following is NOT a problem in using economic statistics?
a) Using GDP statistics to compare income in the U.S. and Bangladesh may be inaccurate because household production (non-market) is a much higher
O percentage of the economy of Bangladesh.
b) Using the published CPI statistics to calculate changes in the purchasing power of your income is inaccurate because the CPI is calculated for the
O "average consumer's" spending pattern.
c) The same statistics are often interpreted differently by different politicians and reporters, which makes it difficult to understand what is really happening
O without understanding how the statistics were calculated.
O d) Government statisticians in the U.S. frequently distort the numbers.

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