Question

what is the importance of statistics in economics​

Answer 1

Answer:

Hey mate here your answer

Explanation:

The importance of statistics in economics starts with economics research methods. These are used to collect and analyze data for factors, such as per capital income and inflation rate. Statistics play a major role in this field and they feed into each since both are largely number- and fact-based.

Answer 2

Answer:

the importance of staticsin economy starts with economics research methods. these are used to collect& analyze data for factors such as per capita income& inflation rate