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dangina [55]
3 years ago
7

Explain the value of statistics and other data to positive economists and to normative economists.

History
1 answer:
AnnyKZ [126]3 years ago
8 0

<u>Positive Economists'</u> purpose is to create an explanation of a certain economic phenomena.

These economists use statistics in order to find out the aggregate behavior of the people because of a certain economic decisions. From this, they can developed an understanding to explain the economic phenomena.

<u>The normative economists' </u>purpose is to find out whether a certain economic decision achieve its original purpose.

They used statistic as a quantitative measurements. They determine the goals of a certain economic policy and  They compared the statistic before the economic policy  was implemented to the condition after the implementation .

This will help them know whether the policy achieve its original goals.

For example. if a certain policy was created to reduce unemployment, normative economists will compare the data/statistic about the number of employment before and after the policy.

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