Practice Statistics in Economics - 1.2 | 1. Introduction | CBSE 11 Statistics for Economics
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1.2 - Statistics in Economics

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is the definition of statistics?

💡 Hint: Think about where you see numbers being analyzed.

Question 2

Easy

Give an example of quantitative data.

💡 Hint: Data that involves numbers.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is statistics primarily concerned with?

  • Analysis of text
  • Data collection and analysis
  • Writing reports

💡 Hint: Consider what statistics studies.

Question 2

True or false: Scarcity is the root of economic problems.

  • True
  • False

💡 Hint: Recall the definition of scarcity.

Solve and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

An economist is studying the impact of a government spending program on local unemployment. He finds that for every $1 million spent, unemployment decreases by 200 jobs. If the government increases spending by $10 million, how many jobs would he expect to be created? Analyze how he could incorporate both qualitative and quantitative data in his research.

💡 Hint: Break down the relationship between spending and job creation.

Question 2

Consider a city tracking its population growth alongside unemployment rates. If they want to determine if there's a correlation, what statistical methods can they use, and how will qualitative data enhance their analysis?

💡 Hint: Think about how numbers can tell a story.

Challenge and get performance evaluation