Question

What is the best definition of economic data

Answer 1

Leading indicators, such as consumer durables, net business formations and share prices, are used to predict the future movements of an economy. ... Finally, lagging indicators, such as gross national product (GNP), CPI, unemployment rates and interest rates, are only seen after a specificeconomic activity occurs. Happy Studying

Answer 2

Methodological economic and statistical elements of the subject include measurement, collection, analysis, and publication of data. Economic data or economic statistics are data (quantitative measures) describing an actual economy, past or present. ... A collection of such data in table form comprises a data set.