The combined use of statistics, economic theory, mathematics, and "real world" data isreferred to as
A) microeconomics
B) econometrics
C) macroeconomics
D) positive economics
E) normative economics

Question

Quizplus · Accepted Answer

Econometrics is the branch of economics that aims to give empirical content to economic relations. It is the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference.

The Combined Use of Statistics, Economic Theory, Mathematics, and "Real