Statistics: Introduction · Class 11 · CBSE · Commerce Economics
A government compares the average income and unemployment rates of different states before designing an employment programme. Which use of statistics…
Practice question from Statistics: Introduction (Class 11 · CBSE · Commerce Economics), with the correct answer and a step-by-step solution.
medium · MCQ · Q-425EE4
A government compares the average income and unemployment rates of different states before designing an employment programme. Which use of statistics in economics is most directly illustrated?
- A.Facilitating comparison and helping in policy formulationCorrect answer
- B.Eliminating the need for economic theory
- C.Proving that every economic relationship is causal
- D.Replacing all qualitative information with personal opinions
Solution
Statistics helps compare economic conditions across regions and provides evidence for formulating policies. However, it does not eliminate theory or automatically prove causation.
More from Statistics: Introduction
- Which statement best distinguishes statistics in the plural sense from statistics in the singular sense?
- Which conclusion is most appropriate when statistical data show that areas with higher literacy rates also have higher average incomes?
- State any two limitations of statistics in the study of economics.
- Which of the following best represents statistical data?
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