One concern about using real-world data to estimate key parameters of economic models is that the data is collected by agencies that are
A) political
B) scientific
C) theoretical

Question

Quizplus · Accepted Answer

The data is collected by agencies which may have political biases or motivations, which could potentially skew the accuracy of the data and hence the estimation of key economic parameters.

One Concern About Using Real-World Data to Estimate Key Parameters