Statistics is essential in economics primarily because:

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Economics · Introduction to Statistics

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Economic problems involve large and complex numerical data.

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Recommended practice questions in Economics · Introduction to Statistics

Mahatma Gandhi's last fast unto death in 1948 was primarily against which of the following?

What was the primary meaning of 'Swaraj' as popularized by Mahatma Gandhi during India's independence movement?

What was one major impact of India’s independence on its economy?

Answer 1

Economics is purely a theoretical science.

Answer 2

Economic problems involve large and complex numerical data.

Answer 3

Economic relationships are completely fixed.

Answer 4

Economic data are always simple.

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