Question

the government and policy makers uses statistical data to formulate suitable policies of economic development.illustrate with 2 examples. explain in points

100 points will be given

Answer 1

Answer:

Explanation:

Statistics is useful in analysing economic problems such as; growing population, rising prices, unemployment, poverty etc. It can be explained with the following examples :  

Example (i) : It can be ascertained easily by using statistical tools whether the policy of family planning is effective in checking the problem of everincreasing population in India.  

Example (ii) : In the present time oil prices are rapidly increasing at global level. Therefore it is necessary to take serious action towards the problem that how much oil should be imported, based on statistical data. This quantity of import would depend on the domestic production of oil and also demand for oil in future.

Answer 2

Statics is the branch of mechanics that is concerned with the analysis of loads acting on physical systems that do not experience an acceleration, but rather, are in static equilibrium with their environment. The application of Newton's second law to a system gives: {\displaystyle {\textbf {F}}=m{\textbf {a}}\, .}