Question

what is data in economic term?​

Answer 1

Economic data or economic statistics are data (quantitative measures) describing an actual economy, past or present. ... Such data include Gross National Product and its components, Gross National Expenditure, Gross National Income in the National Income and Product Accounts, and also the capital stock and national wealth.

Answer 2

Answer:

data: it is a collection of information in unorganised form.

data can be of two types

1. primary data

2. secondary data