Answer:
False.
Socioeconomic data provide information on various aspects of a population, including income, education, occupation, and social class. While these data can provide insights into the economic well-being of individuals or groups, they do not directly tell us if they have purchasing power. Purchasing power depends not only on income but also on the cost of goods and services, inflation, and personal financial decisions. Economic data, such as income and wealth statistics, may be used in conjunction with other factors to assess purchasing power, but they do not provide a complete picture on their own.
Step-by-step explanation: