20
QuizMultiple Choice

Technology and Economics — Quiz

Question 20 • Personal Finance and Economics

What is the best definition of economic data?

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

Explanation

Economic data is information about economic activity that can be examined and used to make decisions. The definition that best fits is “information used for calculation, analysis, or planning.” Choice A describes applied knowledge, B describes a conclusion based on evidence, and C refers to efficiency rather than data.

AI-written and checked against the verified answer.

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