Which term refers to the statistical data related to the population and specific groups within it?

• A. Demographics
• B. Economics
• C. Statistics
• D. Analytics

Answer: (A)

The term that refers to the statistical data related to the population and specific groups within it is demographics. Demographics encompass a wide range of characteristics, such as age, gender, ethnicity, income, education level, and marital status. This information is crucial for businesses and policymakers because it helps them understand the composition of various groups within the population, which can influence market trends, product development, and the allocation of resources.

While economics deals with the production, distribution, and consumption of goods and services, and statistics involves the collection, analysis, interpretation, presentation, and organization of data, these terms do not specifically focus on population characteristics. Analytics refers to the systematic computational analysis of data, often used to discover patterns, trends, and insights, but it is a broader term that includes many forms of data and is not limited to demographic data alone. Thus, demographics is the most suitable term when specifically discussing statistical data related to population characteristics and their implications.