8
QuizMultiple Choice

Technology and Economics

Question 8 • 2102320-Economics HONORS - Edgenuity Teacher

What is the best definition of economic data?

Answer
A
Economic data is information used for calculation, analysis, or planning.
B
Economic data is the fastest time it takes to use the fewest resources.
C
Economic data is knowledge that can be applied to create solutions.
D
Economic data is a determination based on patterns and evidence.

Explanation

Economic data consists of information about economic activity that can be used for calculation, analysis, or planning. Choice A gives that definition. Choice B describes efficiency, while C and D describe applied knowledge and a conclusion based on evidence.

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