Question

Mention the relationship between statistics and economic
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Answer 1

Answer:

Statistics forms the basis for analysing the performance of an economy and comparing it with other economies. For instance, data on National income for different years can be used to assess the economic performance of the concerned economy. ... It helps in analysing the relationship between different economic variables.

Explanation:

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Answer 2

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Statistics forms the basis for analysing the performance of an economy and comparing it with other economies. For instance, data on National income for different years can be used to assess the economic performance of the concerned economy. It helps in analysing the relationship between different economic variables....♥

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