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Home Questions 4DKPZR2PGK
Target Exam

CUET

Subject

Economics

Chapter

Introduction to Statistics

Question:

What is the primary role of statistics for an economist?

Options:

To predict future economic trends

To identify and understand economic problems

To manage financial accounts

To collect qualitative data

Correct Answer:

To identify and understand economic problems

Explanation:

The correct answer is Option 2: To identify and understand economic problems

Statistics helps economists understand economic problems by analyzing qualitative and quantitative data, identifying causes, and formulating policies to address these issues.

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