the government and policy makers use statical data to formulate suitable policies of economic development.illustrate with two examples
There are many statistical data issed and published by government, like, the statistical data related to employment, poverty published in quarterly magazines.
The statistical data related to employment helps the govt. to make policies related to generation of employment and ways to increase employment. Because of these data only today manr wage and self employment programmes have been made.
And the statistical data related to poverty helps the govt. to make policies that can reduce povrty among people. these datas results in many programmes like PAP's (Poverty Alleviation Programmes).