Economy, asked by vivekpaultigga2688, 1 year ago

Important of statistics in economic ?

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Answered by vidhizagade818
2

Answer:However, it is the data that enables an economist to claim such observations as exact and precise. Broadly speaking, statistics helps in : ... summarising mass data like income, consumption etc into measures like per capita income and per capita consumptions which are more explanatory of how an economy is performing.

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