What is the best definition of economic data?
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.

The answer is "A. Economic data is information used for calculation, analysis, or planning."

Economic data are information (quantitative measures) portraying a real economy, past or present. These are normally found in time-arrangement shape, that is, covering in excess of one day and age (say the month to month joblessness rate throughout the previous five years) or in cross-sectional information in one day and age (say for utilization and wage levels for test families). Information may likewise be gathered from reviews of for instance people and firms or collected to divisions and ventures of a solitary economy or for the worldwide economy. An accumulation of such information in table frame involves an informational collection.

true because they can bargain