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Why do we need Statistics in Economics?a)It helps us understand and analyze economic theories and denote correlations between variables such as demand, supply, price, output etc.b)It helps economists with the collection, processing, and analysis of specific economic datac)It helps us with planning economically and it makes economic laws become more efficient.d)All of the aboveCorrect answer is option 'D'. Can you explain this answer? for UGC NET 2024 is part of UGC NET preparation. The Question and answers have been prepared according to the UGC NET exam syllabus. Information about Why do we need Statistics in Economics?a)It helps us understand and analyze economic theories and denote correlations between variables such as demand, supply, price, output etc.b)It helps economists with the collection, processing, and analysis of specific economic datac)It helps us with planning economically and it makes economic laws become more efficient.d)All of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UGC NET 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Why do we need Statistics in Economics?a)It helps us understand and analyze economic theories and denote correlations between variables such as demand, supply, price, output etc.b)It helps economists with the collection, processing, and analysis of specific economic datac)It helps us with planning economically and it makes economic laws become more efficient.d)All of the aboveCorrect answer is option 'D'. Can you explain this answer?.

Solutions for Why do we need Statistics in Economics?a)It helps us understand and analyze economic theories and denote correlations between variables such as demand, supply, price, output etc.b)It helps economists with the collection, processing, and analysis of specific economic datac)It helps us with planning economically and it makes economic laws become more efficient.d)All of the aboveCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UGC NET. Download more important topics, notes, lectures and mock test series for UGC NET Exam by signing up for free.

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