Which of the following claims is accurate regarding misreporting wealth?
A) No value can be assigned in cases where people report they own an asset but do not know its value.
B) A statistical correction is possible in cases where interviewers do not know that the family owns an asset.
C) On average financial assets are reported with surprising accuracy.
D) Financial assets are often under-reported by only about 10 per cent.
E) Non-financial assets such as the value of owner-occupied house is, on average, reported with surprising accuracy.

Question

Quizplus · Accepted Answer

The passage states that "non-financial assets, such as the value of owner-occupied houses, are, on average, reported with surprising accuracy." None of the other answer choices are supported by the passage.

Which of the Following Claims Is Accurate Regarding Misreporting Wealth