V. Answer the following questions in about twelve sentences (each question earrie
4 marks)
1. "We are not as luckay as Aladdin in real life" Eluisdate this statement
2. 'Scarcity is the root of all economic problems.' Explain the statement,
3. Briefly explain how Statistics helps to study economics.
4. " methods are no substitute for coStatisticalmmon sense"! Explain with the exam
GP
GDP yuos domustie pudert:
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