Construction data fudging kills reliability of official statistics Revelations about irregularities in the way the infrastructure ministry collected and compiled key construction data have delivered a devastating blow to the credibility of government statistics as a whole. The facts have left no doubt that the ministry must take strong action to prevent a recurrence. But they have also underscored the need for a fundamental review of the entire government’s systems for compiling and reporting official statistics… The problem illustrated in the above extract is that of… a) Data revision b) Economic welfare c) Unrecorded activity d) Non-market production
Construction data fudging kills reliability of official statistics Revelations about irregularities in the way the infrastructure ministry collected and compiled key construction data have delivered a devastating blow to the credibility of government statistics as a whole. The facts have left no doubt that the ministry must take strong action to prevent a recurrence. But they have also underscored the need for a fundamental review of the entire government’s systems for compiling and reporting official statistics… The problem illustrated in the above extract is that of… a) Data revision b) Economic welfare c) Unrecorded activity d) Non-market production
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Construction data fudging kills reliability of official statistics
Revelations about irregularities in the way the infrastructure ministry collected and compiled key construction
data have delivered a devastating blow to the credibility of government statistics as a whole.
The facts have left no doubt that the ministry must take strong action to prevent a recurrence. But they have also
underscored the need for a fundamental review of the entire government’s systems for compiling and reporting
official statistics…
The problem illustrated in the above extract is that of…
a) Data revision
b) Economic welfare
c) Unrecorded activity
d) Non-market production
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