What is the best definition of economic data?
Economic data is information used for calculation, analysis, or planning.
Economic data is the fastest time it takes to use the fewest resources.
Economic data is knowledge that can be applied to create solutions.
Economic data is a determination based on patterns and evidence.

The economic data or the statistical data is the data that describes the absolute economy in term of the past and the present and the good economic data is a precondition to the macroeconomic management and tax data be the source of the economic data and methods have been used to calculate the analysis and the planning and determine the basis of planning.

ayokenny2001 ayokenny2001 · Answer 2 · 2022-02-02T13:30:17+01:00

The best definition of economic data is : Economic data is the information used for calculation, analysis, or planning.

What is economic data?

Economic data is often called economic statistics. It is used in the manner stated above. It is considered a quantitative measure that helps to represent the actual economy.

Economic data is important because the information it portrays shows the actual picture of a particular economy.

Economic data includes :

Capital stock
Gross national product (GNP)
National income (NI)
Gross domestic product (GDP)

Hence, the information used for calculation, analysis, or planning is the best definition of economic data.

Learn more about economic data here : https://brainly.com/question/15458963