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AveGali [126]
3 years ago
5

This type of evidence can lead to the hasty generalization fallacy

Business
1 answer:
Wittaler [7]3 years ago
7 0

Answer:

Personal experience

Explanation:

Hasty generalization fallacy is also known as the over generalization fallacy. It is defined as making a claim grounded on the evidence that is very small. In short, the speaker jumps to the conclusions grounds on few examples.

Personal experience is  defined as the something which the speaker or the person gone through or seen ourselves. So, in this people tend to take a decisions grounded off their experience and it is very quickly.

It leads to the hasty generalization fallacy. Therefore, the correct option is personal experience.

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In a small, closed economy, national income (GDP) is $ 500.00 million for the current month. Individuals have spent $ 300.00 mil
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Answer:

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The following equation is used to calculate the GDP: GDP = C + I + G + (X – M) or GDP = private consumption + gross investment + government investment + government spending + (exports – imports)

Using this formula we can determine the amount of investment.

Investment = 500 (GDP) - 300 (private consumption) - 150 (government spending) = $50.

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