There are two statements marked as Assertion (A) and Reason (R). Mark your answer as per the options given below.
Assertion: Statistics helps economists present economic facts in a precise and definite form.
Reasoning: Precise numerical data makes information more convincing than vague statements.
Answer & explanation
Correct answer: option 1
The correct answer is option 1: Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A.
Both the assertion and reason are true. Statistics enables economists to present economic facts precisely, and the reason for this is that precise numerical data is more convincing than vague statements. The reason correctly explains the assertion.