What are the uses and limitations of economic data?
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Uses of Economic Indicators
They have a unique schedule for their release hence investors can prepare and plan on being able to access certain information at a specific time.
Also, they indicate the direction of an economy.
Analysts use them to predict the possibility of investing in the future.
Limitations of Economic Indicators
Only used with correct interpretation.
Most of the data are inaccurate.
Measuring gross domestic product (GDP) is almost impossible.
Hope this helps. ...
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They have a unique schedule for their release hence investors can prepare and plan on being able to access certain information at a specific time.
Also, they indicate the direction of an economy.
Analysts use them to predict the possibility of investing in the future.
Limitations of Economic Indicators
Only used with correct interpretation.
Most of the data are inaccurate.
Measuring gross domestic product (GDP) is almost impossible.
Hope this helps. ...
plz mark as brainliest
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