Question

1. Mark the following statements as true or false.
(i) Statistics can only deal with quantitative data.
(ii) Statistics solves economic problems.
(iii) Statistics is of no use to Economics without data.
2. Make a list of activities in a bus stand or a market place. How many of
them are economic activities?
3. The Government and policy makers use statistical data to formulate
suitable policies of economic development'. Illustrate with two examples.
4. "You have unlimited wants and limited resources to satisfy them." Explain
this statement by giving two examples.​

Answer 1

Answer:

1.True because statistics deal numerical values

2.False Statistics only solved numerical problems because statistics a part of math's

3.false

2.