Final answer:
An economist analyzes data, makes predictions about consumers, and calculates risks using economic models and statistical techniques. They provide insights and recommendations to businesses, policymakers, and individuals based on their analysis of economic data. The correct option is b.
Step-by-step explanation:
An economist is responsible for analyzing data, making predictions about consumers, and calculating risks. These tasks require a deep understanding of economic principles and theories. For example, an economist may analyze market trends and consumer behavior to predict future sales of a product or assess the impact of a government policy on the economy. They use economic models and statistical techniques to analyze data and make informed predictions and recommendations.
Economists often work in various settings, including government agencies, research institutions, universities, and private companies. They provide insights and advice to businesses, policymakers, and individuals based on their analysis of economic data. For example, an economist could use data on the stock market to develop a model that predicts future stock prices. They can then compare their predictions to actual stock market performance to determine the accuracy of their model.