Purpose of Collecting Economic Data
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Question (English)
The purpose of collecting data about economic problems is to:
- Create new problems
- Understand and explain problems in terms of their causes ✓ Correct
- Ignore the problems
- Only present numbers
Explanation:
Correct Answer Explanation
The purpose of collecting data is to understand and explain economic problems in terms of the various causes behind them.
Key Points:
- Data collection leads to analysis of economic problems.
- Example: poverty is analysed in terms of unemployment, low productivity, backward technology.
- Analysis helps in formulating policies to solve problems.
Why Other Options Are Wrong
- A, C, D: Data collection aims to understand causes, not create or ignore problems.
📚 About this Topic — CH-1: Introduction
This multiple choice question is from CH-1: Introduction, NCERT Books, Statistics for Economics. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-1: Introduction to strengthen your preparation.
