Question

How can the use of economic data to provide deeper analysis of the effects of the federal budget on our economy?

Answer 1

• The economic data is the Country Economical situation Indicator or we can say that it describe the GDP ( Gross domestic product), Nation stock market , Nation wealth or Taxation or revenues . Basically it provide the overview of the stability of a country in the international level .Therefore the economic data of past , present will definitely is very useful for the future Indication of well being of a country or its survival.
• The federal budget as we know is the Govt. estimate of spendign or revenues that happen in one fiscal year or financial year before the new budget .This also is based on the economic data.
• The Economic data is the most powerful tool for the estinmation of federal budget whihc ultimately had to deal with our countrys economy as it tell us following things

1. Economic data of Health sector
2. Economic data of agriculture
3. ​​​​​​​Economic data of Child welfare
4. ​​​​​​​Economic data of Oublic and private sector etc and lot more

• ​​​​​​​Therefore economic data is always had a big role in determining the effect of federal budget on our economy as the economic data of month , year , week or decade provide a way through whihc the economist are able to predict the pros and cons of propose federal budget and it effect on the present economy .This way it help in the deeper analysis of Federal budget effect on our country economy

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I hope that you have your concepts clear on this problem

​​​​​​​Have a good day