5 Questions
What is the purpose of data collection in economics?
To provide evidence for reaching a sound and clear solution to a problem
What does the statement 'After many fluctuations the output of food grains rose to 132 million tonnes in 1978-79 from 108 million tonnes in 1970-71' indicate?
Variable nature of food grains production
What are the variables generally represented by?
X, Y or Z
What is the mode of collection of data?
Through various methods such as surveys and experiments
What is the purpose of distinguishing between Census and Sample Surveys?
To understand different data collection methods
Study Notes
Data Collection in Economics
- The purpose of data collection in economics is to gather information about economic phenomena, such as production, consumption, and distribution of goods and services, to make informed decisions and understand the economy.
Agricultural Output
- The output of food grains rose to 132 million tonnes in 1978-79 from 108 million tonnes in 1970-71, indicating a significant increase in food grain production over the nine-year period.
Variables in Data Collection
- Variables in data collection are generally represented by symbols, such as X, Y, and Z, to identify and analyze the characteristics of interest in a study.
Modes of Data Collection
- The modes of data collection include Surveys, Experiments, and Observations, which are used to gather data from various sources.
Census and Sample Surveys
- The purpose of distinguishing between Census and Sample Surveys is to identify the type of survey method used to collect data, with Census surveys involving the entire population and Sample Surveys involving a subset of the population, to ensure representative and accurate data.
Test your knowledge of data collection with this quiz covering topics such as primary and secondary sources, modes of data collection, census and sample surveys, sampling techniques, and sources of secondary data. See how well you understand the meaning and purpose of data collection in this comprehensive quiz.
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