Question

explain two ways the importance of data in economics​

Answer 1

Economic data is important as it reveals a true picture of an economy's condition.It allows one to understand how an economy stands in respect to other economies and whether it has been governed properly or not.

Answer 2

hey mate

Economic data provide an empirical basis for economic research, whether descriptive or econometric.

Economic data is important as it reveals a true picture of an economy's condition.It allows one to understand how an economy stands in respect to other economies and whether it has been governed properly or not.

I hope this helps you