The more developed a country is, the scarcer the availability of economic data.

Question

Quizplus · Accepted Answer

The statement is false. The more developed a country is, the more likely it is to have advanced systems of data collection and analysis, making economic data more readily available. Developed countries usually have well-established statistical agencies that regularly publish economic data on GDP, inflation, employment, trade, and other key indicators. In contrast, developing countries often lack the resources and capacity to collect and analyze economic data, resulting in significant data gaps and challenges in measuring economic performance.

The More Developed a Country Is, the Scarcer the Availability