Economic models are simplified in such a way to describe causality and relationships between variables but aren't actually expected to work 1:1 with real world numbers.
That's why econometrics is a thing, that's why most economists nowadays are taught statistics, computer programming, advanced maths, etc... It's why there's a different process used to describe why things happen in a paper vs. predicting real world numbers.
That's why econometrics is a thing, that's why most economists nowadays are taught statistics, computer programming, advanced maths, etc... It's why there's a different process used to describe why things happen in a paper vs. predicting real world numbers.