Question

The government and policy makers use statistical data to form suitable policies of economic development

Answer 1

Hello friend!!

There are many statistical data issed and published by government, like, the statistical data related to employment, poverty published in quarterly magazines.

The statistical data related to employment helps the govt. to make policies related to generation of employment and ways to increase employment. Because of these data only today manr wage and self employment programmes have been made.

And the statistical data related to poverty helps the govt. to make policies that can reduce povrty among people. these datas results in many programmes like PAP's (Poverty Alleviation Programmes).

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Answer 2

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➼ The statistical data is important for government and policy makers to formulate suitable policies of economic development .

➼ It not only helps in analysing and evaluate that outcomes of the past Policies but also assist them to take corrective measures to formulate a new policies accordingly .

➧ The Examples Are ;

➼ It can be ascertained by using Statistical Techniques whether the policy of family planning is effective is checking the problem of rapidly growing population

➼ In preparing annual government budgets, previous data of Government expenditures and government resources are taken into consideration for estimating the allocation of funds among various projects .