True or false about the two subjects

Exercise and reference answers

Questions

1. Statement is true

   Yes

   Statement

   Scarcity forces people to make choices.

2. Statement is true

   Yes

   Statement

   Statistics deals with collecting data.

3. Statement is true

   Yes

   Statement

   Distribution studies how income is shared out.

4. Statement is true

   No

   Statement

   Statistics is used only in economics.

5. Statement is true

   Yes

   Statement

   GDP means the total income arising in a country.

Instructions

Decide whether each statement is true or false.

Explanation