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What is a limitation of statistics in economics?
  • a)
    Focus on individuals
  • b)
    Data uniformity and homogeneity
  • c)
    Susceptibility to misuse
  • d)
    Accuracy in individual cases
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What is a limitation of statistics in economics?a)Focus on individuals...
One limitation of statistics in economics is that it focuses on aggregates and averages, not individual cases or variations.
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What is a limitation of statistics in economics?a)Focus on individualsb)Data uniformity and homogeneityc)Susceptibility to misused)Accuracy in individual casesCorrect answer is option 'D'. Can you explain this answer?
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