Economy, asked by khubebkhan, 3 months ago

Explain the importance of statistical information in the study of Economics

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Answered by XXitsSehzadiXX
3

Answer:

In economics research, statistical methods are used to collect and analyze the data and test hypotheses. The relationship between supply and demand is studied by statisticalmethods; imports and exports, inflation rates, and per capita income are problems which require a good knowledge of statistics.

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