Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Benjamin Disraeli states, There are three categories of falsehoods: lies, damned lies, and statistics, suggesting that statistics could be just as misleading as lies. In

Benjamin Disraeli states, "There are three categories of falsehoods: lies, damned lies, and statistics," suggesting that statistics could be just as misleading as lies. In his book Damned Lies and Statistics, Joel Best warns against misinterpreting, twisting, or abusing statistics (Garner, 2013). Most people believe statistics to be true because they are based on numerical data, which suggests that information has been evaluated by empirical methods. On the other hand, some people use the statistics to their advantage to gain an advantage (Garner, 2013). The film "Who's Counting?" illustrates Disraeli's theory by pointing out how a nation's GDP can be misleading. The global economic system indicates that a country's well-being is improving when its GDP grows (Nash, 2013). That is untrue, and that number shouldn't be used to gauge a nation's level of prosperity. The economist who created GDP, Simon Kuznets, even advised against using GDP as a gauge of human well-being because it is dependent on a number of factors that GDP does not capture (Nahman, Mahumani

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Authors: Paul Krugman, Robin Wells

4th Edition

1464143870, 9781464143878

More Books

Students also viewed these Economics questions

Question

8. What values do you want others to associate you with?

Answered: 1 week ago