Which of the following is typically included when evaluating the results of a market research in economics?

• A. Calculating the country's gross domestic product (GDP)
• B. Determining the exchange rate between currencies
• C. Setting government fiscal policy
• D. Analyzing consumer preferences and demand patterns

Answer: (D)

Verified step by step guidance

1. Understand the purpose of market research in economics, which is primarily to gather and analyze data about consumer behavior, preferences, and demand patterns.
2. Recognize that calculating a country's GDP is a macroeconomic measure of total economic output and is not typically part of market research focused on specific markets or consumer behavior.
3. Note that determining exchange rates involves international finance and currency markets, which is outside the scope of market research aimed at understanding consumer demand.
4. Understand that setting government fiscal policy is a macroeconomic policy decision and not a direct outcome of market research results.
5. Conclude that the key focus of market research results is to analyze consumer preferences and demand patterns, which helps businesses and economists understand market dynamics and make informed decisions.