Question

Statistical data are used for knowing about the progress in the-
(a) techniques of production

(b) volume of production

(c) imports and exports

(d) All of the above​

Answer 1

All Of These

Explanation:

• Statistical data of production by different techniques can be used to assess which technique of production is more efficient and which is not.
• By taking into account the data about the production of various sectors , different industries etc can help in assessing the total volume of production and checking the progress thereof.
• Similarly ,it can be applied to know about the progress in imports and exports.
• The data of more than 1 year helps in making year wise comparison and the growth percentage can be calculated.
• Hence option (d) is correct.