Question

What is the best definition of economic data?

Answer 1

Economic data/economic statistics are data which explains actual economy i.e. past/present.  

Typically found in time-series form which is covering more than one time period.  

Data can be gathered from surveys of individuals and firms and industries of single economy or for international economy.  

Collection of those data in tabular form consists of a data set.

Answer 2

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here is your answer..,

ANSWER..
=>Economic data or economic statistics are data (quantitative measures) describing an actual economy, past or present. ... Data may also be collected from surveys of for example individuals and firms or aggregated to sectors and industries of a single economy or for the international economy.

•DEFINITION :- First is Robbins' famous all-encompassing definition of economics that is still used to define the subject today: “Economics is the science which studies human behavior as a relationship between given ends and scarce means which have alternative uses...



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