Question

explain the different use of statistics in economics​

Answer 1

National income accounts are multipurpose indicators foreconomists and administrators, and statistical methods are used to prepare these accounts. In economicsresearch, statistical methods are usedto collect and analyze the data and test hypotheses

Answer 2

In economics research, statistical methods are used to collect and analyze the data and test hypothesis . The relationship between supply and demand is studied by statistical methods .

for example : imports and exports, inflation rates, and per capita income are problems which require good knowledge of statistics.

hope this helps you .