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Question Practice

How do statistical tools support the formulation of economic policies?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Economics
Statistics for Economics
Introduction
Question Bank

How do statistical tools suppo...

Single Answer MCQ
Q-00062617

How do statistical tools support the formulation of economic policies?

1

They create policies without data.

2

They analyze trends for more informed decisions.

3

They make economic theories obsolete.

4

They ensure all policies will succeed.

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