When economic facts are expressed in statistical terms, they become ____________.

exact

The correct answer is option 1: Exact

Statistics enables an economist to present economic facts in a precise and definite form that helps in proper comprehension of what is stated. When economic facts are expressed in statistical terms, they become exact. Exact facts are more convincing than vague statements. For instance, saying that with precise figures, 310 people died in the recent earthquake in Kashmir, is more factual and, thus, a statistical data. Whereas, saying hundreds of people died, is not.