By comparing the per capita income of India and the United States, we can say that India is a developing economy while United States is a developed economy". Such comparisons are possible only with help of statistical analysis of economic data. Explain the importance of statistics in economics focusing on the given statement.
Answers
Answered by
0
Answer:
"By comparing the per capita income of India and the United States, we can say that India is a developing economy while United States is a developed economy". Such comparisons are. possible only with help of statistical analysis of economic data.
Similar questions