Question

Briefly explain how statistics helps to study economics.

Answer 1

hey dear friend here is ur answer

well statistics helps by comparing the the respective things .The subject includes statistical analysis of topics and problems in microeconomics, macroeconomics, business, finance,forecasting, dataquality,and policy evaluation. if u want to compare a poverty every year than it helps in showing us the information in a sheet of paper and the comparison between each year that even help us to progress or develop.

hope it helps u